Jones Financial Companies Lllp Purchases 4,360 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Jones Financial Companies Lllp lifted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 45.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,993 shares of the company’s stock after acquiring an additional 4,360 shares during the quarter. Jones Financial Companies Lllp’s holdings in Atlantic Union Bankshares were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AUB. State Street Corp increased its stake in shares of Atlantic Union Bankshares by 3.0% during the third quarter. State Street Corp now owns 4,492,014 shares of the company’s stock valued at $169,214,000 after buying an additional 130,104 shares during the period. Geode Capital Management LLC boosted its holdings in Atlantic Union Bankshares by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company’s stock valued at $77,836,000 after acquiring an additional 14,823 shares in the last quarter. Franklin Resources Inc. increased its position in Atlantic Union Bankshares by 20.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company’s stock valued at $62,607,000 after purchasing an additional 270,470 shares during the period. GW&K Investment Management LLC raised its holdings in Atlantic Union Bankshares by 24.9% in the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company’s stock worth $58,855,000 after purchasing an additional 309,519 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Atlantic Union Bankshares by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company’s stock worth $40,795,000 after purchasing an additional 2,861 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AUB. Keefe, Bruyette & Woods reduced their target price on 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 started coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price target on the stock. Finally, Hovde Group lowered their price objective on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $32.29 on Tuesday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 14.10 and a beta of 0.91. The firm has a fifty day moving average price of $36.77 and a 200 day moving average price of $38.39. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.21%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 59.39%.

Atlantic Union Bankshares Company Profile

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.