Walleye Capital LLC Buys Shares of 30,864 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Walleye Capital LLC purchased a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,864 shares of the company's stock, valued at approximately $1,169,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after purchasing an additional 284 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in Atlantic Union Bankshares by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock valued at $244,000 after buying an additional 312 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Atlantic Union Bankshares by 5.9% in the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company's stock valued at $221,000 after buying an additional 326 shares in the last quarter. Pettyjohn Wood & White Inc. increased its position in Atlantic Union Bankshares by 5.2% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock worth $327,000 after buying an additional 425 shares during the period. Finally, Stifel Financial Corp raised its position in Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock worth $1,224,000 after buying an additional 428 shares during the last quarter. Institutional investors own 78.58% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AUB. 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 report on Monday, March 17th. Morgan Stanley initiated coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price target for the company. Keefe, Bruyette & Woods lowered their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th. Finally, Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Atlantic Union Bankshares has an average rating of "Moderate Buy" and a consensus target price of $41.60.

Atlantic Union Bankshares Stock Performance

AUB traded up $0.28 during trading on Friday, reaching $26.74. 1,014,709 shares of the company's stock were exchanged, compared to its average volume of 885,342. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. 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 capitalization of $2.41 billion, a P/E ratio of 11.67 and a beta of 0.80. The business has a 50 day moving average price of $30.41 and a 200 day moving average price of $36.06.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares's payout ratio is currently 59.39%.

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.