Laurion Capital Management LP Invests $749,000 in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Laurion Capital Management LP bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,770 shares of the company's stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AUB. North Reef Capital Management LP purchased a new position in Atlantic Union Bankshares in the fourth quarter worth $78,942,000. American Century Companies Inc. boosted its position in shares of Atlantic Union Bankshares by 3,195.3% in the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company's stock worth $40,004,000 after purchasing an additional 1,024,025 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Atlantic Union Bankshares by 62.0% in the 4th quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company's stock worth $98,029,000 after purchasing an additional 990,583 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Atlantic Union Bankshares by 275.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company's stock worth $38,129,000 after buying an additional 757,014 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in Atlantic Union Bankshares during the 4th quarter valued at about $25,490,000. Institutional investors own 78.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AUB. Keefe, Bruyette & Woods lowered their price target 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. Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Finally, Morgan Stanley initiated coverage on shares of 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.40.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock traded up $0.03 during mid-day trading on Thursday, reaching $31.11. The stock had a trading volume of 1,200,285 shares, compared to its average volume of 968,197. 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 1-year low of $22.85 and a 1-year high of $44.54. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 13.59 and a beta of 0.83. The business's fifty day moving average is $28.65 and its 200-day moving average is $35.24.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders 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 yield of 4.37%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is presently 62.10%.

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.