GAMMA Investing LLC Has $1.07 Million Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

GAMMA Investing LLC increased its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 2,412.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,289 shares of the company's stock after buying an additional 31,964 shares during the quarter. GAMMA Investing LLC's holdings in Atlantic Union Bankshares were worth $1,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AUB. HighPoint Advisor Group LLC raised its stake in Atlantic Union Bankshares by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock valued at $244,000 after acquiring an additional 312 shares during the period. Atria Investments Inc increased its holdings in shares of Atlantic Union Bankshares by 5.9% in the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company's stock valued at $221,000 after purchasing an additional 326 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its stake in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock worth $327,000 after buying an additional 425 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 8,731 shares of the company's stock worth $331,000 after buying an additional 431 shares during the period. Finally, Xponance Inc. grew its stake in Atlantic Union Bankshares by 9.5% in the 4th quarter. Xponance Inc. now owns 6,424 shares of the company's stock valued at $243,000 after buying an additional 556 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB traded down $0.42 during mid-day trading on Tuesday, reaching $30.08. The company had a trading volume of 1,329,066 shares, compared to its average volume of 1,054,657. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 13.14 and a beta of 0.86. The business's 50-day simple moving average is $28.60 and its 200 day simple moving average is $33.42. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one 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.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is presently 62.10%.

Analyst Ratings Changes

Several brokerages have issued reports on AUB. 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 for the company in a research report on Monday, April 28th. Raymond James Financial upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $37.00 to $41.00 in a research note on Tuesday, June 10th. Jefferies Financial Group set a $37.00 price objective on Atlantic Union Bankshares and gave the company a "buy" rating in a report on Wednesday, May 21st. Hovde Group decreased their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Finally, Morgan Stanley started coverage on shares of 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. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Atlantic Union Bankshares has an average rating of "Moderate Buy" and a consensus 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.