Proficio Capital Partners LLC Purchases Shares of 10,341 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Proficio Capital Partners LLC purchased a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,341 shares of the company’s stock, valued at approximately $392,000.

Several other institutional investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its stake in Atlantic Union Bankshares by 26.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 30,180 shares of the company’s stock valued at $1,143,000 after purchasing an additional 6,373 shares during the period. Bank of New York Mellon Corp raised its stake in Atlantic Union Bankshares by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company’s stock valued at $40,795,000 after purchasing an additional 2,861 shares during the period. Peregrine Capital Management LLC purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at $6,016,000. Venturi Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at $91,000. Finally, Truist Financial Corp grew its holdings in shares of Atlantic Union Bankshares by 2.8% during the 4th quarter. Truist Financial Corp now owns 110,932 shares of the company’s stock valued at $4,202,000 after acquiring an additional 3,063 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AUB. Hovde Group lowered their price target on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, January 27th. Piper Sandler began coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 price target on the stock. Finally, Keefe, Bruyette & Woods lowered 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Atlantic Union Bankshares Trading Down 2.6 %

Shares of NASDAQ:AUB opened at $32.29 on Tuesday. The stock has a market capitalization of $2.90 billion, a PE ratio of 14.10 and a beta of 0.91. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The firm has a fifty day moving average price of $36.77 and a 200 day moving average price of $38.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Dividend Announcement

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

Atlantic Union Bankshares 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.