Entropy Technologies LP Takes Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Entropy Technologies LP bought a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,799 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Atlantic Union Bankshares by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after acquiring an additional 284 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Atlantic Union Bankshares by 78.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after purchasing an additional 410 shares during the period. Stifel Financial Corp lifted its stake in 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 purchasing an additional 428 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Atlantic Union Bankshares by 5.5% during the third quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company’s stock valued at $325,000 after buying an additional 450 shares during the period. Finally, Trust Point Inc. grew its stake in shares of Atlantic Union Bankshares by 2.0% during the third quarter. Trust Point Inc. now owns 25,998 shares of the company’s stock valued at $979,000 after buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AUB shares. Hovde Group lowered their target price on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, January 27th. 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 report on Thursday, January 30th. Finally, Piper Sandler assumed coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.40.

Atlantic Union Bankshares Stock Up 0.5 %

Shares of NASDAQ:AUB opened at $37.95 on Friday. The stock’s 50-day moving average is $38.19 and its 200 day moving average is $38.64. The company has a market cap of $3.41 billion, a PE ratio of 16.57 and a beta of 0.92. 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 Co. has a 1 year low of $30.43 and a 1 year high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.58%. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

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.