Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by GAMMA Investing LLC

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

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at approximately $2,580,000. Campbell Deegan Wealth Management LLC bought a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth approximately $751,000. Public Employees Retirement System of Ohio bought a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth approximately $3,541,000. Investment Management Corp VA ADV purchased a new position in Atlantic Union Bankshares during the 4th quarter valued at $72,000. Finally, GTS Securities LLC bought a new position in Atlantic Union Bankshares in the 4th quarter valued at $204,000. Institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Down 0.0%

NASDAQ:AUB traded down $0.00 during trading hours on Thursday, reaching $30.06. The company's stock had a trading volume of 1,560,339 shares, compared to its average volume of 1,061,835. The stock has a 50 day moving average price of $28.75 and a two-hundred day moving average price of $33.38. 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 $4.28 billion, a P/E ratio of 13.13 and a beta of 0.86. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Friday, May 23rd. Atlantic Union Bankshares's payout ratio is 62.10%.

Analyst Ratings Changes

Several analysts have recently weighed in on AUB shares. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Morgan Stanley initiated 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 target on the stock. Hovde Group lowered 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 report on Monday, March 17th. Raymond James Financial upgraded shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from $37.00 to $41.00 in a research note on Tuesday, June 10th. Finally, Keefe, Bruyette & Woods reduced their target price 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. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

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.