Amalgamated Bank Has $1.07 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Amalgamated Bank boosted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 30.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,400 shares of the company's stock after purchasing an additional 8,073 shares during the quarter. Amalgamated Bank's holdings in Atlantic Union Bankshares were worth $1,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its holdings in Atlantic Union Bankshares by 3.7% during the first quarter. Illinois Municipal Retirement Fund now owns 50,285 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,774 shares during the period. Asset Management One Co. Ltd. bought a new position in Atlantic Union Bankshares in the first quarter valued at approximately $196,000. Oppenheimer Asset Management Inc. lifted its stake in Atlantic Union Bankshares by 1.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,755 shares of the company's stock valued at $958,000 after buying an additional 575 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Atlantic Union Bankshares in the first quarter valued at approximately $100,000. Finally, Dover Advisors LLC bought a new position in Atlantic Union Bankshares in the first quarter valued at approximately $324,000. Institutional investors and hedge funds own 78.58% of the company's stock.

Analyst Ratings Changes

AUB has been the topic of a number of research reports. 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 note on Wednesday, May 21st. Raymond James Financial raised shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $37.00 to $41.00 in a research report on Tuesday, June 10th. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Finally, Hovde Group cut their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Atlantic Union Bankshares Price Performance

Shares of AUB traded down $0.56 during mid-day trading on Friday, reaching $33.11. The company had a trading volume of 697,238 shares, compared to its average volume of 1,136,311. The company's 50 day simple moving average is $30.85 and its 200 day simple moving average is $32.38. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 14.46 and a beta of 0.86.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.36 annualized dividend and a yield of 4.11%. 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.