Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,917,470 shares of the company's stock after purchasing an additional 28,655 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.55% of Atlantic Union Bankshares worth $179,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of AUB. Strs Ohio bought a new position in shares of Atlantic Union Bankshares during the fourth quarter worth $29,000. Covestor Ltd boosted its position in shares of Atlantic Union Bankshares by 95.0% during the third quarter. Covestor Ltd now owns 1,053 shares of the company's stock worth $30,000 after acquiring an additional 513 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Atlantic Union Bankshares by 194.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company's stock worth $151,000 after acquiring an additional 2,720 shares during the last quarter. Beacon Investment Advisors LLC bought a new position in shares of Atlantic Union Bankshares during the third quarter worth $210,000. Finally, Jump Financial LLC bought a new position in shares of Atlantic Union Bankshares during the fourth quarter worth $219,000. 78.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stephens dropped their target price on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, April 24th. Piper Sandler lowered their price objective on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, April 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a "market perform" rating for the company in a research report on Wednesday, April 24th.

Insider Activity

In other news, Director Donald R. Kimble bought 7,000 shares of Atlantic Union Bankshares stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $35.13 per share, with a total value of $245,910.00. Following the completion of the purchase, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company's stock.

Atlantic Union Bankshares Price Performance

AUB stock traded up $0.35 during trading on Friday, hitting $34.31. 336,294 shares of the company's stock traded hands, compared to its average volume of 397,836. Atlantic Union Bankshares Co. has a 52 week low of $24.37 and a 52 week high of $37.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day simple moving average of $33.55 and a 200 day simple moving average of $33.62. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 12.63 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The firm had revenue of $288.47 million during the quarter, compared to analysts' expectations of $178.82 million. During the same period in the prior year, the company posted $0.63 EPS. As a group, research analysts expect that Atlantic Union Bankshares Co. will post 3.1 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is currently 47.06%.

Atlantic Union Bankshares Company 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.