Fidelis Capital Partners LLC acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,815 shares of the company's stock, valued at approximately $710,000.
A number of other institutional investors and hedge funds have also made changes to their positions in AUB. HighPoint Advisor Group LLC boosted its stake in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock worth $244,000 after purchasing an additional 312 shares during the last quarter. Atria Investments Inc lifted its holdings 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 acquiring an additional 326 shares during the period. OneDigital Investment Advisors LLC lifted its holdings 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 acquiring an additional 527 shares during the period. Xponance Inc. lifted its holdings in shares of Atlantic Union Bankshares by 9.5% during the 4th quarter. Xponance Inc. now owns 6,424 shares of the company's stock worth $243,000 after acquiring an additional 556 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Atlantic Union Bankshares by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 30,755 shares of the company's stock worth $958,000 after acquiring an additional 575 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
AUB has been the topic of several research reports. Raymond James Financial upgraded shares of 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 report on Tuesday, June 10th. Keefe, Bruyette & Woods cut their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Hovde Group cut their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Morgan Stanley initiated 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 target on the stock. 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 report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.
Check Out Our Latest Stock Analysis on Atlantic Union Bankshares
Atlantic Union Bankshares Stock Performance
Atlantic Union Bankshares stock opened at $33.11 on Friday. The company has a market cap of $4.72 billion, a PE ratio of 14.46 and a beta of 0.86. The company has a fifty day moving average price of $30.85 and a two-hundred day moving average price of $32.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $44.54.
Atlantic Union Bankshares Announces Dividend
The company 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. This represents a $1.36 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio (DPR) is 62.10%.
Atlantic Union Bankshares Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding AUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report).
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