Squarepoint Ops LLC Has $3.35 Million Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Squarepoint Ops LLC lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 636.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,460 shares of the company's stock after purchasing an additional 76,442 shares during the period. Squarepoint Ops LLC owned about 0.10% of Atlantic Union Bankshares worth $3,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its holdings in shares of Atlantic Union Bankshares by 186.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock worth $41,000 after purchasing an additional 699 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter worth $91,000. Sterling Capital Management LLC grew its holdings in shares of Atlantic Union Bankshares by 838.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock worth $109,000 after purchasing an additional 2,573 shares during the period. Finally, KBC Group NV boosted its stake in Atlantic Union Bankshares by 55.9% during the fourth quarter. KBC Group NV now owns 4,475 shares of the company's stock worth $170,000 after buying an additional 1,605 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AUB shares. Hovde Group decreased their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods reduced 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. Morgan Stanley started 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. Finally, Jefferies Financial Group set a $37.00 price objective on shares of Atlantic Union Bankshares and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

Atlantic Union Bankshares Stock Performance

AUB stock traded up $0.36 during trading on Thursday, reaching $30.17. 1,581,504 shares of the company's stock were exchanged, compared to its average volume of 993,328. The firm has a market cap of $4.30 billion, a PE ratio of 13.18 and a beta of 0.83. The company's fifty day moving average price is $28.18 and its 200-day moving average price is $34.60. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a yield of 4.51%. Atlantic Union Bankshares's payout ratio is 62.10%.

About Atlantic Union Bankshares

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.