Laurion Capital Management LP Acquires Shares of 19,770 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Laurion Capital Management LP bought a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 19,770 shares of the company's stock, valued at approximately $749,000.

Several other large investors have also recently bought and sold shares of AUB. Norges Bank acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth about $6,957,000. Sandy Spring Bank increased its position 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 in the last quarter. Wesbanco Bank Inc. increased its position 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth about $6,923,000. Finally, Vanguard Group Inc. increased its position 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 in the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Down 0.5%

Shares of AUB stock traded down $0.16 during trading on Friday, reaching $30.97. The company's stock had a trading volume of 822,719 shares, compared to its average volume of 975,816. The business has a fifty day moving average price of $28.60 and a 200-day moving average price of $35.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 13.52 and a beta of 0.83. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is presently 62.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AUB shares. Hovde Group dropped 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 report on Monday, March 17th. Keefe, Bruyette & Woods dropped 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 report on Monday, April 28th. Finally, Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.40.

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.