Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Holdings Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 19.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,352 shares of the company’s stock after selling 575 shares during the period. Nisa Investment Advisors LLC’s holdings in Atlantic Union Bankshares were worth $73,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AUB. Vanguard Group Inc. lifted its holdings in Atlantic Union Bankshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company’s stock worth $414,926,000 after acquiring an additional 27,604 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Atlantic Union Bankshares by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,681,103 shares of the company’s stock worth $215,201,000 after purchasing an additional 31,082 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Atlantic Union Bankshares by 62.0% during the 4th 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. North Reef Capital Management LP bought a new position in Atlantic Union Bankshares during the 4th quarter worth $78,942,000. Finally, The Manufacturers Life Insurance Company increased its position in Atlantic Union Bankshares by 6.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,723,794 shares of the company’s stock worth $65,297,000 after buying an additional 103,275 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.5%

Atlantic Union Bankshares stock opened at $33.23 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $22.85 and a 52 week high of $44.54. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 14.51 and a beta of 0.86. The company’s 50-day moving average price is $31.24 and its two-hundred day moving average price is $32.20. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.09%. Atlantic Union Bankshares’s dividend payout ratio is presently 62.10%.

Analyst Upgrades and Downgrades

AUB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Jefferies Financial Group set a $37.00 price target on shares of Atlantic Union Bankshares and gave the company a “buy” rating in a research note on Wednesday, May 21st. Raymond James Financial upgraded Atlantic Union Bankshares from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $37.00 to $41.00 in a research report on Tuesday, June 10th. Finally, Morgan Stanley initiated coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 target price on the stock. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.