Teacher Retirement System of Texas Takes $582,000 Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Teacher Retirement System of Texas acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,677 shares of the company's stock, valued at approximately $582,000.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in Atlantic Union Bankshares during the first quarter valued at $25,000. Investment Management Corp VA ADV bought a new position in shares of Atlantic Union Bankshares in the fourth quarter worth about $72,000. Sterling Capital Management LLC lifted its position in shares of Atlantic Union Bankshares by 838.1% in the fourth quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock worth $109,000 after buying an additional 2,573 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Atlantic Union Bankshares during the first quarter valued at approximately $100,000. Finally, GTS Securities LLC purchased a new stake in Atlantic Union Bankshares during the fourth quarter valued at approximately $204,000. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Stock Performance

Shares of AUB traded down $0.17 during mid-day trading on Friday, hitting $33.23. 850,993 shares of the company's stock were exchanged, compared to its average volume of 1,144,361. 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 current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.73 billion, a P/E ratio of 14.51 and a beta of 0.86. The business's 50 day moving average is $31.24 and its two-hundred day moving average is $32.20.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.34 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.09%. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 62.10%.

Analyst Ratings Changes

Several analysts have issued reports on AUB shares. Keefe, Bruyette & Woods dropped their target price 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. 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. 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, Raymond James Financial upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $37.00 to $41.00 in a research note on Tuesday, June 10th. Two equities 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's stock. According to data from MarketBeat.com, Atlantic Union Bankshares currently has an average rating of "Moderate Buy" and an average price target 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.