Campbell Deegan Wealth Management LLC Purchases New Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Campbell Deegan Wealth Management LLC acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,818 shares of the company's stock, valued at approximately $751,000. Atlantic Union Bankshares comprises 0.9% of Campbell Deegan Wealth Management LLC's holdings, making the stock its 12th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in AUB. Norges Bank bought a new position in shares of Atlantic Union Bankshares in the fourth quarter worth $6,957,000. Sandy Spring Bank grew its stake in shares of Atlantic Union Bankshares by 598.2% in the fourth quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock worth $1,464,000 after purchasing an additional 33,118 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Atlantic Union Bankshares in the fourth quarter worth $6,923,000. Vanguard Group Inc. grew its stake in shares of Atlantic Union Bankshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock worth $414,926,000 after purchasing an additional 27,604 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Atlantic Union Bankshares by 50.3% in the fourth quarter. Deutsche Bank AG now owns 77,693 shares of the company's stock worth $2,943,000 after purchasing an additional 26,000 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Price Performance

AUB stock traded down $0.07 during trading hours on Friday, hitting $30.09. 1,443,050 shares of the stock traded hands, compared to its average volume of 1,000,095. The stock has a 50-day simple moving average of $28.07 and a 200 day simple moving average of $34.42. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54. The company has a market cap of $4.29 billion, a P/E ratio of 13.14 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $0.34 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.52%. Atlantic Union Bankshares's dividend payout ratio (DPR) is 62.10%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AUB. Morgan Stanley began coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price target for the company. Keefe, Bruyette & Woods decreased their price target on 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. Hovde Group decreased their target price on 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. Finally, Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.00.

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.