Atria Investments Inc Purchases 326 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Atria Investments Inc increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,834 shares of the company’s stock after purchasing an additional 326 shares during the quarter. Atria Investments Inc’s holdings in Atlantic Union Bankshares were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after purchasing an additional 284 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after buying an additional 410 shares during the period. Pettyjohn Wood & White Inc. raised its stake in Atlantic Union Bankshares by 5.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock worth $327,000 after buying an additional 425 shares in the last quarter. Stifel Financial Corp lifted its holdings in Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after buying an additional 428 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Atlantic Union Bankshares by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 8,731 shares of the company’s stock valued at $331,000 after acquiring an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AUB has been the subject of several research reports. Keefe, Bruyette & Woods decreased 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 report on Thursday, January 30th. Piper Sandler initiated coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. Finally, Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.20.

Atlantic Union Bankshares Stock Up 0.1 %

Shares of NASDAQ:AUB opened at $32.68 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $36.17 and a two-hundred day simple moving average of $38.09. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 14.27 and a beta of 0.91.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares’s payout ratio 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.