Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 275.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,031,898 shares of the company’s stock after buying an additional 757,014 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.15% of Atlantic Union Bankshares worth $38,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AUB. R Squared Ltd acquired a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. boosted its stake in Atlantic Union Bankshares by 78.8% during 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 last quarter. GAMMA Investing LLC grew its holdings in shares of Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after buying an additional 489 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares in the third quarter valued at about $56,000. Finally, Blue Trust Inc. lifted its stake in shares of Atlantic Union Bankshares by 110.2% in the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after buying an additional 1,095 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

NASDAQ:AUB opened at $37.44 on Friday. The company’s 50-day moving average is $38.09 and its two-hundred day moving average is $38.62. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 16.35 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 disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 3.63%. Atlantic Union Bankshares’s payout ratio is 59.39%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AUB. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Hovde Group cut their price target on 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 initiated coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

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.