10,406 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Purchased by Dover Advisors LLC

Dover Advisors LLC acquired a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,406 shares of the company's stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also bought and sold shares of AUB. NBC Securities Inc. purchased a new stake in shares of Atlantic Union Bankshares during the first quarter worth $25,000. Smartleaf Asset Management LLC boosted its stake in Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock valued at $41,000 after buying an additional 699 shares during the period. Investment Management Corp VA ADV purchased a new stake in Atlantic Union Bankshares during the fourth quarter valued at about $72,000. Venturi Wealth Management LLC purchased a new stake in Atlantic Union Bankshares during the fourth quarter valued at about $91,000. Finally, Sterling Capital Management LLC raised its position in Atlantic Union Bankshares by 838.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock valued at $109,000 after purchasing an additional 2,573 shares in the last quarter. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Trading Down 2.6%

Shares of AUB traded down $0.81 during trading hours on Friday, hitting $30.71. The company had a trading volume of 1,380,015 shares, compared to its average volume of 1,048,764. The firm has a market cap of $4.38 billion, a P/E ratio of 13.41 and a beta of 0.86. The stock's 50 day moving average price is $28.47 and its 200 day moving average price is $33.63. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 4.43%. Atlantic Union Bankshares's payout ratio is presently 62.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group set a $37.00 price target on Atlantic Union Bankshares and gave the company a "buy" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods lowered their price target on 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. Raymond James upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $37.00 to $41.00 in a research report on Tuesday. 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. Finally, 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. Two 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.