UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $8.61 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 227,300 shares of the company's stock after purchasing an additional 23,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Atlantic Union Bankshares worth $8,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AUB. Barclays PLC grew its holdings in shares of Atlantic Union Bankshares by 132.3% in the third quarter. Barclays PLC now owns 186,876 shares of the company's stock valued at $7,039,000 after purchasing an additional 106,415 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Atlantic Union Bankshares by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,040 shares of the company's stock worth $1,479,000 after purchasing an additional 4,888 shares in the last quarter. KBC Group NV increased its holdings in shares of Atlantic Union Bankshares by 55.9% during the fourth quarter. KBC Group NV now owns 4,475 shares of the company's stock valued at $170,000 after acquiring an additional 1,605 shares in the last quarter. R Squared Ltd acquired a new position in Atlantic Union Bankshares in the 4th quarter worth approximately $28,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Atlantic Union Bankshares by 0.7% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 132,665 shares of the company's stock worth $5,025,000 after purchasing an additional 890 shares during the period. Institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Down 1.5%

AUB traded down $0.44 on Wednesday, reaching $29.78. The company's stock had a trading volume of 960,581 shares, compared to its average volume of 1,010,926. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 13.00 and a beta of 0.86. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $44.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The business's 50 day moving average is $27.98 and its 200 day moving average is $34.16.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 62.10%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AUB. Hovde Group decreased their target price 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. 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. Keefe, Bruyette & Woods decreased their target price 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. Finally, Morgan Stanley started coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.