US Bancorp DE Has $524,000 Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

US Bancorp DE grew its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,842 shares of the company’s stock after acquiring an additional 1,811 shares during the quarter. US Bancorp DE’s holdings in Atlantic Union Bankshares were worth $524,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its stake in Atlantic Union Bankshares by 3.0% during the third quarter. State Street Corp now owns 4,492,014 shares of the company’s stock worth $169,214,000 after acquiring an additional 130,104 shares in the last quarter. Geode Capital Management LLC boosted its position in Atlantic Union Bankshares by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company’s stock worth $77,836,000 after buying an additional 14,823 shares during the period. Franklin Resources Inc. boosted 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 worth $62,607,000 after buying an additional 270,470 shares during the period. GW&K Investment Management LLC boosted its position in 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 buying an additional 309,519 shares during the period. Finally, Bank of New York Mellon Corp boosted its position 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 worth $40,795,000 after buying an additional 2,861 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Up 0.5 %

Shares of NASDAQ AUB opened at $32.05 on Thursday. The company has a market capitalization of $2.88 billion, a P/E ratio of 13.99 and a beta of 0.91. Atlantic Union Bankshares Co. has a 52-week low of $30.43 and a 52-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. The company’s 50 day moving average price is $36.53 and its 200-day moving average price is $38.29.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.24%. Atlantic Union Bankshares’s payout ratio is currently 59.39%.

Analyst Upgrades and Downgrades

AUB has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Hovde Group cut their target price on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. Finally, Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

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.