Susquehanna Fundamental Investments LLC Purchases Shares of 10,357 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Susquehanna Fundamental Investments LLC bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,357 shares of the company's stock, valued at approximately $392,000.

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

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $29.07 on Friday. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 12.69 and a beta of 0.80. The firm has a 50 day simple moving average of $29.40 and a 200 day simple moving average of $35.64.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio (DPR) is 62.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Hovde Group decreased their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an "overweight" rating and a $51.00 target price for the company. Keefe, Bruyette & Woods reduced their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Finally, Morgan Stanley initiated 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 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.40.

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.

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