Advantage Alpha Capital Partners LP Acquires 1,617 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Advantage Alpha Capital Partners LP boosted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,649 shares of the company’s stock after buying an additional 1,617 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Atlantic Union Bankshares were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AUB. American Century Companies Inc. lifted its stake in shares of Atlantic Union Bankshares by 3,195.3% during the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company’s stock worth $40,004,000 after purchasing an additional 1,024,025 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Atlantic Union Bankshares by 275.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock valued at $38,129,000 after buying an additional 757,014 shares in the last quarter. Burkehill Global Management LP bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at about $18,940,000. DAVENPORT & Co LLC raised its stake in shares of Atlantic Union Bankshares by 526.5% during the 4th quarter. DAVENPORT & Co LLC now owns 444,691 shares of the company’s stock worth $16,834,000 after acquiring an additional 373,709 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of Atlantic Union Bankshares by 24.9% during the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company’s stock worth $58,855,000 after acquiring an additional 309,519 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $32.94 on Tuesday. The firm has a market capitalization of $2.96 billion, a PE ratio of 14.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company’s fifty day moving average price is $35.89 and its 200-day moving average price is $37.91. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AUB. Keefe, Bruyette & Woods cut their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. Finally, Hovde Group decreased their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.20.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.