R Squared Ltd Buys New Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB)

R Squared Ltd purchased a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the 4th quarter, HoldingsChannel reports. The firm purchased 730 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors have also added to or reduced their stakes in the business. KBC Group NV boosted its position in Atlantic Union Bankshares by 55.9% during the fourth quarter. KBC Group NV now owns 4,475 shares of the company’s stock valued at $170,000 after buying an additional 1,605 shares during the period. Tributary Capital Management LLC boosted its position in Atlantic Union Bankshares by 17.8% during the fourth quarter. Tributary Capital Management LLC now owns 705,842 shares of the company’s stock valued at $26,737,000 after buying an additional 106,543 shares during the period. Wesbanco Bank Inc. boosted its position in 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 buying an additional 17,035 shares during the period. Janney Montgomery Scott LLC boosted 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 worth $1,479,000 after purchasing an additional 4,888 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted 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 worth $19,845,000 after purchasing an additional 84,290 shares during the period. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AUB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Thursday, January 30th. Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, January 27th. Finally, Piper Sandler began coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.40.

Atlantic Union Bankshares Price Performance

AUB stock opened at $38.17 on Wednesday. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The company has a market cap of $3.43 billion, a P/E ratio of 16.67 and a beta of 0.93. The firm has a 50-day moving average of $38.77 and a 200 day moving average of $38.73. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio is 59.39%.

Atlantic Union Bankshares Company 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.