67,619 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 67,619 shares of the company's stock, valued at approximately $2,561,000. Graham Capital Management L.P. owned about 0.08% of Atlantic Union Bankshares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC raised its stake in Atlantic Union Bankshares by 132.3% during the 3rd 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 during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after buying an additional 284 shares during the period. Park Avenue Securities LLC increased its stake in Atlantic Union Bankshares by 62.2% during the 4th quarter. Park Avenue Securities LLC now owns 11,559 shares of the company's stock worth $438,000 after acquiring an additional 4,433 shares during the period. Heritage Family Offices LLP boosted its stake in Atlantic Union Bankshares by 24.2% in the fourth quarter. Heritage Family Offices LLP now owns 7,382 shares of the company's stock valued at $280,000 after buying an additional 1,440 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Atlantic Union Bankshares by 19.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 523,891 shares of the company's stock valued at $19,845,000 after purchasing an additional 84,290 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AUB shares. Morgan Stanley started coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target for the company. Hovde Group dropped their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Atlantic Union Bankshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.40.

Atlantic Union Bankshares Stock Down 0.3%

NASDAQ:AUB traded down $0.09 on Friday, reaching $31.04. The stock had a trading volume of 242,063 shares, compared to its average volume of 968,357. The stock has a market cap of $2.80 billion, a P/E ratio of 13.55 and a beta of 0.83. The company has a 50-day moving average of $28.62 and a 200 day moving average of $35.19. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month 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. Investors 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 dividend yield of 4.38%. The ex-dividend date is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is currently 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.