KBC Group NV Purchases 1,605 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

KBC Group NV grew its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 55.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,475 shares of the company’s stock after buying an additional 1,605 shares during the period. KBC Group NV’s holdings in Atlantic Union Bankshares were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. GAMMA Investing LLC raised its stake 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 valued at $50,000 after purchasing an additional 284 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after buying an additional 410 shares during the period. Stifel Financial Corp lifted its holdings in shares of Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after buying an additional 428 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Atlantic Union Bankshares by 5.5% in the third quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company’s stock valued at $325,000 after acquiring an additional 450 shares during the period. Finally, UMB Bank n.a. grew its stake in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 0.6 %

Shares of Atlantic Union Bankshares stock opened at $38.36 on Thursday. The company has a 50 day simple moving average of $38.69 and a two-hundred day simple moving average of $38.73. The firm has a market cap of $3.44 billion, a PE ratio of 16.75 and a beta of 0.92. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 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.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.34 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 3.54%. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Analysts Set New Price Targets

AUB has been the topic of several recent analyst reports. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price on the stock. Hovde Group lowered their price objective on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.40.

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.