Systematic Financial Management LP Grows Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Systematic Financial Management LP raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,465 shares of the company's stock after buying an additional 61,426 shares during the quarter. Systematic Financial Management LP owned 0.58% of Atlantic Union Bankshares worth $19,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Atlantic Union Bankshares by 132.3% during the third quarter. Barclays PLC now owns 186,876 shares of the company's stock worth $7,039,000 after acquiring an additional 106,415 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Atlantic Union Bankshares by 62.2% during the fourth quarter. Park Avenue Securities LLC now owns 11,559 shares of the company's stock valued at $438,000 after acquiring an additional 4,433 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Atlantic Union Bankshares by 19.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 523,891 shares of the company's stock valued at $19,845,000 after acquiring an additional 84,290 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Atlantic Union Bankshares by 14.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 39,040 shares of the company's stock valued at $1,479,000 after acquiring an additional 4,888 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its holdings in shares of Atlantic Union Bankshares by 37.3% during the fourth quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company's stock valued at $2,375,000 after acquiring an additional 17,035 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Hovde Group cut their target price 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. Keefe, Bruyette & Woods lowered their target price on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective on the stock. Finally, Jefferies Financial Group assumed coverage on Atlantic Union Bankshares in a research note on Wednesday. They set a "buy" rating and a $37.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $39.00.

Atlantic Union Bankshares Trading Up 0.2%

AUB stock traded up $0.06 during trading on Thursday, hitting $29.51. 398,387 shares of the company traded hands, compared to its average volume of 976,448. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $44.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50-day moving average of $28.48 and a 200-day moving average of $34.98. The firm has a market capitalization of $4.20 billion, a PE ratio of 12.88 and a beta of 0.83.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's payout ratio is 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.