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Atlantic Union Bankshares Co. (NASDAQ:AUB) Position Increased by New York State Teachers Retirement System

Atlantic Union Bankshares logo with Finance background

New York State Teachers Retirement System raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 38.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,460 shares of the company's stock after purchasing an additional 8,160 shares during the quarter. New York State Teachers Retirement System's holdings in Atlantic Union Bankshares were worth $917,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AUB. SG Americas Securities LLC acquired a new stake in shares of Atlantic Union Bankshares in the first quarter valued at about $310,000. Amalgamated Bank grew its stake in shares of Atlantic Union Bankshares by 30.7% in the first quarter. Amalgamated Bank now owns 34,400 shares of the company's stock valued at $1,071,000 after buying an additional 8,073 shares in the last quarter. Norges Bank acquired a new stake in shares of Atlantic Union Bankshares in the fourth quarter valued at about $6,957,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Atlantic Union Bankshares by 3.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,130 shares of the company's stock valued at $596,000 after buying an additional 614 shares in the last quarter. Finally, Sandy Spring Bank grew its stake in shares of Atlantic Union Bankshares by 598.2% in the fourth quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock valued at $1,464,000 after buying an additional 33,118 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price for the company. Raymond James Financial upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and raised their price objective for the company from $37.00 to $41.00 in a research note on Tuesday, June 10th. Jefferies Financial Group set a $37.00 price objective on Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods lowered their price objective on 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 lowered their price objective on 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, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Atlantic Union Bankshares presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

View Our Latest Stock Analysis on Atlantic Union Bankshares

Atlantic Union Bankshares Stock Down 1.7%

NASDAQ AUB traded down $0.56 during mid-day trading on Friday, reaching $33.11. 697,238 shares of the company's stock traded hands, compared to its average volume of 1,138,343. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 14.46 and a beta of 0.86. The company has a fifty day simple moving average of $30.85 and a 200-day simple moving average of $32.34. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given 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 4.11%. Atlantic Union Bankshares's payout ratio is 62.10%.

Atlantic Union Bankshares Company Profile

(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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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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