Two Sigma Investments LP Grows Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Two Sigma Investments LP raised its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 2,384.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 283,971 shares of the company's stock after buying an additional 272,540 shares during the quarter. Two Sigma Investments LP owned about 0.32% of Atlantic Union Bankshares worth $10,757,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AUB. Norges Bank purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter worth $6,957,000. Sandy Spring Bank lifted its stake in shares of Atlantic Union Bankshares by 598.2% during the 4th quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock worth $1,464,000 after purchasing an additional 33,118 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Atlantic Union Bankshares by 37.3% during the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company's stock worth $2,375,000 after purchasing an additional 17,035 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter worth $6,923,000. Finally, Vanguard Group Inc. lifted its stake in shares of Atlantic Union Bankshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock worth $414,926,000 after purchasing an additional 27,604 shares during the period. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Trading Up 0.6%

Atlantic Union Bankshares stock traded up $0.19 during midday trading on Thursday, reaching $30.00. The stock had a trading volume of 351,111 shares, compared to its average volume of 988,593. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $44.54. The stock has a market capitalization of $4.27 billion, a PE ratio of 13.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock's 50-day simple moving average is $28.18 and its 200 day simple moving average is $34.60.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed 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. This represents a $1.36 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 62.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. 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 target on the stock. Keefe, Bruyette & Woods reduced 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 note on Monday, April 28th. Jefferies Financial Group set a $37.00 price target on Atlantic Union Bankshares and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Hovde Group reduced their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

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.