SG Americas Securities LLC Takes $310,000 Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

SG Americas Securities LLC acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,965 shares of the company's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AUB. Heritage Family Offices LLP lifted its position in Atlantic Union Bankshares by 11.0% during the first quarter. Heritage Family Offices LLP now owns 8,194 shares of the company's stock valued at $255,000 after purchasing an additional 812 shares during the period. NBC Securities Inc. purchased a new stake in shares of Atlantic Union Bankshares in the first quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in shares of Atlantic Union Bankshares by 2,412.4% in the first quarter. GAMMA Investing LLC now owns 33,289 shares of the company's stock valued at $1,069,000 after buying an additional 31,964 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Atlantic Union Bankshares during the 4th quarter worth approximately $2,580,000. Finally, Campbell Deegan Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at approximately $751,000. Hedge funds and other institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock opened at $31.45 on Friday. The company has a fifty day simple moving average of $29.51 and a 200-day simple moving average of $32.88. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 13.73 and a beta of 0.86. 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 disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid 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 yield of 4.32%. Atlantic Union Bankshares's dividend payout ratio is presently 62.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AUB shares. Hovde Group cut their price target 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. Jefferies Financial Group set a $37.00 target price on shares of Atlantic Union Bankshares and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Raymond James Financial raised 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 research note on Tuesday, June 10th. Keefe, Bruyette & Woods lowered their price objective on 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. Finally, Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. 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 Company 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.

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