Commonwealth Equity Services LLC Has $1.70 Million Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Commonwealth Equity Services LLC trimmed its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,970 shares of the company’s stock after selling 2,556 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Atlantic Union Bankshares worth $1,703,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective on the stock. 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 report on Thursday, January 30th. 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, March 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus target price of $43.20.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $30.69 on Friday. The company’s 50 day moving average is $35.40 and its 200 day moving average is $37.74. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 52-week low of $30.31 and a 52-week high of $44.54. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 13.40 and a beta of 0.91.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed 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 4.43%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 59.39%.

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.