Two Sigma Advisers LP Makes New $2.29 Million Investment in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Two Sigma Advisers LP purchased a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 60,430 shares of the company's stock, valued at approximately $2,289,000. Two Sigma Advisers LP owned 0.07% of Atlantic Union Bankshares as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Atlantic Union Bankshares during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its holdings in 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 in the last quarter. Venturi Wealth Management LLC bought a new stake in Atlantic Union Bankshares during the 4th quarter worth approximately $91,000. Sterling Capital Management LLC increased its holdings in 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 in the last quarter. Finally, KBC Group NV increased its holdings in Atlantic Union Bankshares by 55.9% during the 4th quarter. KBC Group NV now owns 4,475 shares of the company's stock worth $170,000 after purchasing an additional 1,605 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Hovde Group decreased their price objective 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. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the company a "buy" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods reduced their target price on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley assumed coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock traded down $0.07 during trading on Friday, hitting $30.09. The company's stock had a trading volume of 1,443,050 shares, compared to its average volume of 1,002,800. The company has a market cap of $4.29 billion, a PE ratio of 13.14 and a beta of 0.83. 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 business has a fifty day moving average of $28.07 and a 200-day moving average of $34.37. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio (DPR) is 62.10%.

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.