Public Employees Retirement System of Ohio Purchases New Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Public Employees Retirement System of Ohio acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in Atlantic Union Bankshares in the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its position in shares of Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock worth $41,000 after purchasing an additional 699 shares during the period. Investment Management Corp VA ADV bought a new position in shares of Atlantic Union Bankshares in the 4th quarter worth $72,000. Venturi Wealth Management LLC bought a new position in shares of Atlantic Union Bankshares in the 4th quarter worth $91,000. Finally, Sterling Capital Management LLC grew its position in Atlantic Union Bankshares by 838.1% in 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 period. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Down 1.3%

NASDAQ:AUB traded down $0.39 during trading hours on Monday, hitting $29.63. 1,498,181 shares of the company traded hands, compared to its average volume of 1,004,776. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.22 billion, a PE ratio of 12.94 and a beta of 0.83. The firm's 50-day simple moving average is $28.07 and its 200-day simple moving average is $34.31. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's payout ratio is 62.10%.

Analyst Ratings Changes

A number of analysts have commented on AUB shares. Keefe, Bruyette & Woods decreased their price target on shares of 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 initiated coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 target price for the company. Jefferies Financial Group set a $37.00 price target on shares of Atlantic Union Bankshares and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Hovde Group cut their price target 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.00.

Atlantic Union Bankshares Company 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.