O Shaughnessy Asset Management LLC Makes New $212,000 Investment in Atlantic Union Bankshares Co. (NASDAQ:AUB)

O Shaughnessy Asset Management LLC bought a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,596 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in Atlantic Union Bankshares during the 4th quarter valued at about $28,000. Nomura Asset Management Co. Ltd. increased its holdings 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 worth $35,000 after buying an additional 410 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Atlantic Union Bankshares by 186.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock valued at $41,000 after acquiring an additional 699 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Atlantic Union Bankshares by 27.3% in the 4th 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. Finally, Venturi Wealth Management LLC bought a new stake in Atlantic Union Bankshares during the 4th quarter worth approximately $91,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 0.2 %

NASDAQ:AUB opened at $23.84 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 10.41 and a beta of 0.80. The business’s 50-day moving average price is $32.76 and its two-hundred day moving average price is $36.79.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.70%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s payout ratio is 59.39%.

Wall Street Analyst Weigh In

AUB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley initiated coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 price objective on the stock. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective for the company. Finally, Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.33.

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.