Squarepoint Ops LLC Buys 76,442 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Squarepoint Ops LLC increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 636.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 88,460 shares of the company's stock after purchasing an additional 76,442 shares during the period. Squarepoint Ops LLC owned approximately 0.10% of Atlantic Union Bankshares worth $3,351,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Atlantic Union Bankshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock valued at $414,926,000 after purchasing an additional 27,604 shares during the period. Dimensional Fund Advisors LP grew its position in Atlantic Union Bankshares by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,681,103 shares of the company's stock worth $215,201,000 after acquiring an additional 31,082 shares during the last quarter. Ameriprise Financial Inc. grew its position in Atlantic Union Bankshares by 62.0% during the 4th quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company's stock worth $98,029,000 after acquiring an additional 990,583 shares during the last quarter. North Reef Capital Management LP bought a new stake in Atlantic Union Bankshares during the 4th quarter worth approximately $78,942,000. Finally, The Manufacturers Life Insurance Company grew its position in Atlantic Union Bankshares by 6.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,723,794 shares of the company's stock worth $65,297,000 after acquiring an additional 103,275 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AUB shares. Hovde Group decreased their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Morgan Stanley started coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target on the stock. Jefferies Financial Group set a $37.00 price target on Atlantic Union Bankshares and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods decreased their price target on 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Atlantic Union Bankshares Trading Down 0.2%

Atlantic Union Bankshares stock traded down $0.07 during mid-day trading on Friday, hitting $30.09. 1,443,050 shares of the company's stock were exchanged, compared to its average volume of 1,002,800. The firm has a market capitalization of $4.29 billion, a P/E ratio of 13.14 and a beta of 0.83. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week 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. The company's 50 day simple moving average is $28.07 and its 200-day simple moving average is $34.37.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is 62.10%.

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.