Fidelis Capital Partners LLC acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,815 shares of the company's stock, valued at approximately $710,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighPoint Advisor Group LLC increased its position in Atlantic Union Bankshares by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock worth $244,000 after buying an additional 312 shares during the period. Atria Investments Inc increased its position in shares of Atlantic Union Bankshares by 5.9% during the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company's stock worth $221,000 after purchasing an additional 326 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Atlantic Union Bankshares by 8.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 6,619 shares of the company's stock worth $206,000 after purchasing an additional 527 shares in the last quarter. Xponance Inc. increased its position in Atlantic Union Bankshares by 9.5% in the 4th quarter. Xponance Inc. now owns 6,424 shares of the company's stock valued at $243,000 after acquiring an additional 556 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Atlantic Union Bankshares by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 30,755 shares of the company's stock valued at $958,000 after acquiring an additional 575 shares in the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Raymond James Financial raised shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $37.00 to $41.00 in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods cut 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 report on Monday, April 28th. 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 report on Monday, March 17th. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target for the company. Finally, 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Atlantic Union Bankshares has an average rating of "Moderate Buy" and a consensus target price of $39.00.
Read Our Latest Stock Report on AUB
Atlantic Union Bankshares Trading Down 4.1%
Shares of NASDAQ:AUB traded down $1.36 during trading on Tuesday, reaching $31.97. 1,127,730 shares of the company traded hands, compared to its average volume of 1,137,861. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 13.96 and a beta of 0.86. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The business's fifty day moving average is $30.85 and its 200-day moving average is $32.30.
Atlantic Union Bankshares Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 4.25%. Atlantic Union Bankshares's payout ratio is presently 62.10%.
About Atlantic Union Bankshares
(
Free Report)
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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