Oregon Public Employees Retirement Fund Buys 8,600 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Oregon Public Employees Retirement Fund lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 40.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,756 shares of the company's stock after purchasing an additional 8,600 shares during the period. Oregon Public Employees Retirement Fund's holdings in Atlantic Union Bankshares were worth $927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in Atlantic Union Bankshares in the 1st quarter valued at $582,000. DAVENPORT & Co LLC raised its stake in Atlantic Union Bankshares by 25.6% in the 1st quarter. DAVENPORT & Co LLC now owns 558,451 shares of the company's stock valued at $17,390,000 after acquiring an additional 113,760 shares during the period. Smith Salley Wealth Management raised its stake in Atlantic Union Bankshares by 26.3% in the 1st quarter. Smith Salley Wealth Management now owns 66,802 shares of the company's stock valued at $2,080,000 after acquiring an additional 13,910 shares during the period. Peregrine Capital Management LLC raised its stake in Atlantic Union Bankshares by 11.6% in the 1st quarter. Peregrine Capital Management LLC now owns 177,247 shares of the company's stock valued at $5,519,000 after acquiring an additional 18,438 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Atlantic Union Bankshares by 38.3% in the 1st quarter. New York State Teachers Retirement System now owns 29,460 shares of the company's stock valued at $917,000 after acquiring an additional 8,160 shares during the period. Institutional investors own 78.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Hovde Group decreased their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price objective on the stock. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the stock a "buy" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods reduced their target price on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Finally, Raymond James Financial raised Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $37.00 to $41.00 in a report on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Atlantic Union Bankshares Price Performance

NASDAQ:AUB traded down $0.53 during trading hours on Monday, hitting $33.01. The company's stock had a trading volume of 1,051,376 shares, compared to its average volume of 1,516,835. The stock has a fifty day simple moving average of $30.33 and a 200-day simple moving average of $32.47. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $44.54. The company has a market capitalization of $4.70 billion, a P/E ratio of 14.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, May 23rd. Atlantic Union Bankshares's payout ratio is 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.