Smartleaf Asset Management LLC Acquires 699 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Smartleaf Asset Management LLC boosted its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 186.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,074 shares of the company’s stock after purchasing an additional 699 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Atlantic Union Bankshares were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Atlantic Union Bankshares by 275.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock valued at $38,129,000 after purchasing an additional 757,014 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Atlantic Union Bankshares by 526.5% in the fourth quarter. DAVENPORT & Co LLC now owns 444,691 shares of the company’s stock valued at $16,834,000 after purchasing an additional 373,709 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Atlantic Union Bankshares by 24.9% during the fourth 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 during the period. Franklin Resources Inc. lifted its stake in shares of Atlantic Union Bankshares by 20.0% in 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. Finally, Peregrine Capital Management LLC acquired a new position in shares of Atlantic Union Bankshares in the fourth quarter worth about $6,016,000. 78.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Hovde Group lowered their price target on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods cut their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.40.

Atlantic Union Bankshares Trading Down 1.0 %

AUB opened at $31.94 on Wednesday. The stock has a market capitalization of $2.87 billion, a PE ratio of 13.95 and a beta of 0.91. The firm’s fifty day moving average price is $36.65 and its 200 day moving average price is $38.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 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.