Deutsche Bank AG Increases Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Deutsche Bank AG raised its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 50.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,693 shares of the company's stock after buying an additional 26,000 shares during the period. Deutsche Bank AG owned about 0.09% of Atlantic Union Bankshares worth $2,943,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Atlantic Union Bankshares in the 4th quarter worth $28,000. Smartleaf Asset Management LLC raised its holdings in Atlantic Union Bankshares by 186.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock worth $41,000 after purchasing an additional 699 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Atlantic Union Bankshares in the 4th quarter worth $91,000. Sterling Capital Management LLC raised its holdings in Atlantic Union Bankshares by 838.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock worth $109,000 after purchasing an additional 2,573 shares in the last quarter. Finally, KBC Group NV raised its holdings in Atlantic Union Bankshares by 55.9% in the 4th quarter. KBC Group NV now owns 4,475 shares of the company's stock worth $170,000 after purchasing an additional 1,605 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AUB. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price objective for the company. Jefferies Financial Group started coverage on shares of Atlantic Union Bankshares in a research note on Wednesday. They issued a "buy" rating and a $37.00 price target for the company. Keefe, Bruyette & Woods decreased their price target 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 decreased their price target 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Atlantic Union Bankshares Stock Down 3.1%

NASDAQ:AUB opened at $29.44 on Thursday. The firm has a market cap of $4.19 billion, a P/E ratio of 12.85 and a beta of 0.83. 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 Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The firm has a 50-day simple moving average of $28.48 and a two-hundred day simple moving average of $34.98.

Atlantic Union Bankshares Announces Dividend

The company 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 dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a yield of 4.62%. Atlantic Union Bankshares's dividend payout ratio is currently 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.

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