10,001 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Purchased by MQS Management LLC

MQS Management LLC acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,001 shares of the company's stock, valued at approximately $311,000.

Several other institutional investors also recently made changes to their positions in the stock. NBC Securities Inc. purchased a new stake in Atlantic Union Bankshares during the first quarter worth $25,000. CWM LLC grew its stake in Atlantic Union Bankshares by 99.4% in the 1st quarter. CWM LLC now owns 1,049 shares of the company's stock valued at $33,000 after acquiring an additional 523 shares during the last quarter. Investment Management Corp VA ADV acquired a new stake in Atlantic Union Bankshares in the 4th quarter valued at about $72,000. ORG Wealth Partners LLC purchased a new position in Atlantic Union Bankshares during the 1st quarter valued at about $100,000. 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 worth $109,000 after acquiring an additional 2,573 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Down 1.1%

Shares of AUB stock traded down $0.36 during trading hours on Friday, reaching $33.04. The company had a trading volume of 335,966 shares, compared to its average volume of 1,140,615. The stock's fifty day simple moving average is $31.16 and its 200 day simple moving average is $32.23. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $44.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $4.71 billion, a P/E ratio of 14.47 and a beta of 0.86.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, May 23rd. Atlantic Union Bankshares's payout ratio is 62.10%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley started coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price objective on the stock. Jefferies Financial Group set a $37.00 price objective on shares of Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, Raymond James Financial raised shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $37.00 to $41.00 in a research report on Tuesday, June 10th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company 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.