Allspring Global Investments Holdings LLC Has $11.45 Million Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Allspring Global Investments Holdings LLC increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 313,299 shares of the company’s stock after acquiring an additional 15,672 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Atlantic Union Bankshares were worth $11,448,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Ceredex Value Advisors LLC boosted its position in shares of Atlantic Union Bankshares by 17.5% during the 4th quarter. Ceredex Value Advisors LLC now owns 448,997 shares of the company’s stock valued at $16,406,000 after acquiring an additional 66,947 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Atlantic Union Bankshares by 194.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock valued at $151,000 after buying an additional 2,720 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Atlantic Union Bankshares by 2.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,201 shares of the company’s stock valued at $1,250,000 after buying an additional 719 shares in the last quarter. Trust Point Inc. acquired a new position in Atlantic Union Bankshares in the fourth quarter valued at about $685,000. Finally, AlphaMark Advisors LLC acquired a new position in Atlantic Union Bankshares in the fourth quarter valued at about $307,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Price Performance

NASDAQ:AUB opened at $31.81 on Wednesday. The firm has a market cap of $2.40 billion, a PE ratio of 12.52 and a beta of 0.94. Atlantic Union Bankshares Co. has a 12 month low of $23.32 and a 12 month high of $37.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $33.69 and its two-hundred day moving average price is $32.99.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Tuesday, January 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Atlantic Union Bankshares had a net margin of 19.31% and a return on equity of 9.51%. The company had revenue of $289.46 million for the quarter, compared to analyst estimates of $179.72 million. During the same period in the prior year, the business earned $0.90 earnings per share. On average, equities analysts anticipate that Atlantic Union Bankshares Co. will post 3.24 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.02%. Atlantic Union Bankshares’s payout ratio is 50.39%.

Analyst Ratings Changes

Separately, Raymond James boosted their price target on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th.

Insider Transactions at Atlantic Union Bankshares

In related news, Director Donald R. Kimble bought 7,000 shares of Atlantic Union Bankshares stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the transaction, the director now owns 7,582 shares of the company’s stock, valued at $266,355.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.28% of the stock is owned by company insiders.

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.