BNP Paribas Financial Markets Decreases Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

BNP Paribas Financial Markets lowered its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 47.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,467 shares of the company’s stock after selling 16,879 shares during the period. BNP Paribas Financial Markets’ holdings in Atlantic Union Bankshares were worth $700,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Atlantic Union Bankshares by 132.3% during the 3rd quarter. Barclays PLC now owns 186,876 shares of the company’s stock worth $7,039,000 after acquiring an additional 106,415 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Atlantic Union Bankshares by 62.2% in the fourth quarter. Park Avenue Securities LLC now owns 11,559 shares of the company’s stock valued at $438,000 after purchasing an additional 4,433 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Atlantic Union Bankshares by 19.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 523,891 shares of the company’s stock valued at $19,845,000 after purchasing an additional 84,290 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Atlantic Union Bankshares by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,040 shares of the company’s stock valued at $1,479,000 after purchasing an additional 4,888 shares during the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in Atlantic Union Bankshares by 37.3% during the fourth quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock worth $2,375,000 after purchasing an additional 17,035 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 0.4%

NASDAQ AUB opened at $29.32 on Friday. The firm’s fifty day moving average is $28.42 and its two-hundred day moving average is $34.93. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $4.18 billion, a PE ratio of 12.80 and a beta of 0.83.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Friday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio is presently 62.10%.

Analyst Upgrades and Downgrades

AUB has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Jefferies Financial Group started coverage on shares of Atlantic Union Bankshares in a research note on Wednesday. They issued a “buy” rating and a $37.00 price objective for the company. Morgan Stanley initiated coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 target price on the stock. Finally, Hovde Group decreased their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Two analysts have 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 a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.