Dimensional Fund Advisors LP Purchases 31,082 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Dimensional Fund Advisors LP lifted its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,681,103 shares of the company's stock after purchasing an additional 31,082 shares during the quarter. Dimensional Fund Advisors LP owned about 6.33% of Atlantic Union Bankshares worth $215,201,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Atlantic Union Bankshares during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC raised its position in Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock valued at $41,000 after purchasing an additional 699 shares during the period. GAMMA Investing LLC lifted its stake in shares of Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock valued at $50,000 after purchasing an additional 284 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $91,000. Finally, Sterling Capital Management LLC increased its position in shares of Atlantic Union Bankshares by 838.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock valued at $109,000 after purchasing an additional 2,573 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Trading Up 0.6 %

Shares of AUB traded up $0.17 during trading hours on Monday, reaching $27.07. 256,889 shares of the company traded hands, compared to its average volume of 906,853. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 11.85 and a beta of 0.80. The stock's fifty day moving average price is $30.19 and its 200 day moving average price is $35.99. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 5.02%. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 62.10%.

Wall Street Analyst Weigh In

Several research firms have commented on AUB. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target for the company. Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an "overweight" rating and a $51.00 price objective on the stock. Finally, Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.60.

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.