BNP Paribas Financial Markets Has $700,000 Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

BNP Paribas Financial Markets lessened its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 47.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,467 shares of the company's stock after selling 16,879 shares during the quarter. BNP Paribas Financial Markets' holdings in Atlantic Union Bankshares were worth $700,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Atlantic Union Bankshares in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC lifted its position in Atlantic Union Bankshares by 186.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock valued at $41,000 after purchasing an additional 699 shares during the period. Venturi Wealth Management LLC acquired a new stake in Atlantic Union Bankshares in the fourth quarter valued at about $91,000. Sterling Capital Management LLC lifted its position in shares of Atlantic Union Bankshares by 838.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock valued at $109,000 after acquiring an additional 2,573 shares during the period. Finally, KBC Group NV lifted its position in shares of Atlantic Union Bankshares by 55.9% during the 4th quarter. KBC Group NV now owns 4,475 shares of the company's stock valued at $170,000 after acquiring an additional 1,605 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AUB. 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. Morgan Stanley initiated coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective for the company. Keefe, Bruyette & Woods dropped 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 note on Monday, April 28th. Finally, Hovde Group dropped 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 note on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Atlantic Union Bankshares currently has an average rating of "Moderate Buy" and a consensus target price of $39.00.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ:AUB traded up $0.02 during trading on Wednesday, reaching $29.99. 72,345 shares of the company's stock traded hands, compared to its average volume of 1,446,816. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $44.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $4.27 billion, a P/E ratio of 13.09 and a beta of 0.83. The company has a 50 day moving average of $28.22 and a 200-day moving average of $34.63.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.34 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.36 annualized dividend and a yield of 4.54%. Atlantic Union Bankshares's dividend payout ratio is presently 62.10%.

Atlantic Union Bankshares 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.