167,772 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 167,772 shares of the company's stock, valued at approximately $6,355,000. Marshall Wace LLP owned about 0.19% of Atlantic Union Bankshares at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd acquired a new position in Atlantic Union Bankshares during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its position in shares of Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock worth $41,000 after acquiring an additional 699 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock valued at $50,000 after acquiring an additional 284 shares during the period. Venturi Wealth Management LLC purchased a new stake in Atlantic Union Bankshares in the 4th quarter valued at $91,000. Finally, Sterling Capital Management LLC boosted its stake in Atlantic Union Bankshares by 838.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock worth $109,000 after purchasing an additional 2,573 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price for the company. Keefe, Bruyette & Woods decreased their price objective on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a research report on Monday. Piper Sandler initiated coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They issued an "overweight" rating and a $51.00 target price on the stock. Finally, Hovde Group decreased their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $39.40.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB traded up $0.03 on Tuesday, hitting $27.52. 201,908 shares of the company's stock were exchanged, compared to its average volume of 913,215. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 12.02 and a beta of 0.80. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The firm's 50-day moving average price is $29.99 and its two-hundred day moving average price is $35.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio (DPR) is 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.