Teacher Retirement System of Texas Invests $582,000 in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Teacher Retirement System of Texas bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,677 shares of the company’s stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AUB. North Reef Capital Management LP acquired a new position in Atlantic Union Bankshares during the fourth quarter worth $78,942,000. American Century Companies Inc. lifted its holdings in Atlantic Union Bankshares by 3,195.3% in the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company’s stock valued at $40,004,000 after purchasing an additional 1,024,025 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Atlantic Union Bankshares by 62.0% in the fourth quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company’s stock valued at $98,029,000 after purchasing an additional 990,583 shares during the period. Schroder Investment Management Group acquired a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at about $25,490,000. Finally, Soros Fund Management LLC purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter worth about $21,813,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the company a “buy” rating in a research note on Wednesday, May 21st. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. Finally, Raymond James Financial upgraded Atlantic Union Bankshares from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $37.00 to $41.00 in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB opened at $31.97 on Wednesday. The company has a market capitalization of $4.56 billion, a P/E ratio of 13.96 and a beta of 0.86. The business’s 50-day moving average price is $31.01 and its two-hundred day moving average price is $32.26. 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 one year low of $22.85 and a one year high of $44.54.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio is currently 62.10%.

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.