Public Employees Retirement System of Ohio Buys Shares of 93,488 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Public Employees Retirement System of Ohio bought a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 93,488 shares of the company's stock, valued at approximately $3,541,000. Public Employees Retirement System of Ohio owned approximately 0.10% of Atlantic Union Bankshares at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HighPoint Advisor Group LLC grew its position in shares of Atlantic Union Bankshares by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock worth $244,000 after buying an additional 312 shares in the last quarter. Atria Investments Inc lifted its stake in Atlantic Union Bankshares by 5.9% during the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company's stock worth $221,000 after purchasing an additional 326 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its stake in Atlantic Union Bankshares by 5.2% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock worth $327,000 after purchasing an additional 425 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Atlantic Union Bankshares by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 8,731 shares of the company's stock worth $331,000 after purchasing an additional 431 shares during the last quarter. Finally, Xponance Inc. lifted its stake in Atlantic Union Bankshares by 9.5% during the fourth quarter. Xponance Inc. now owns 6,424 shares of the company's stock worth $243,000 after purchasing an additional 556 shares during the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AUB shares. Hovde Group decreased their target price on 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. Keefe, Bruyette & Woods reduced their price objective on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Morgan Stanley started coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price objective for the company. Finally, Jefferies Financial Group set a $37.00 price objective on Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Two analysts have 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 presently has an average rating of "Moderate Buy" and a consensus target price of $39.00.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock traded down $0.44 during trading hours on Wednesday, hitting $29.78. 960,581 shares of the company were exchanged, compared to its average volume of 1,010,926. The business has a 50-day moving average of $27.98 and a 200-day moving average of $34.16. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $44.54. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 13.00 and a beta of 0.86. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is presently 62.10%.

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.