Aquatic Capital Management LLC Has $2.86 Million Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Aquatic Capital Management LLC increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 7,440.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 75,400 shares of the company's stock after acquiring an additional 74,400 shares during the period. Aquatic Capital Management LLC owned about 0.08% of Atlantic Union Bankshares worth $2,856,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. North Reef Capital Management LP acquired a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth $78,942,000. American Century Companies Inc. boosted its position in Atlantic Union Bankshares by 3,195.3% during the fourth quarter. American Century Companies Inc. now owns 1,056,073 shares of the company's stock worth $40,004,000 after acquiring an additional 1,024,025 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 period. Schroder Investment Management Group acquired a new position in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $25,490,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new stake in Atlantic Union Bankshares during the fourth quarter worth about $19,907,000. Hedge funds and other institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Trading Up 3.3 %

Shares of NASDAQ:AUB traded up $0.94 during midday trading on Friday, reaching $29.07. The company had a trading volume of 888,209 shares, compared to its average volume of 929,522. The company has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $35.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 12.69 and a beta of 0.80.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.68%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio is currently 62.10%.

Analyst Upgrades and Downgrades

AUB has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective on the stock. Hovde Group lowered their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a research report on Monday. Finally, Piper Sandler assumed coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.40.

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.