Moors & Cabot Inc. trimmed its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,557 shares of the company’s stock after selling 1,976 shares during the period. Moors & Cabot Inc.’s holdings in Atlantic Union Bankshares were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Man Group plc grew its position in shares of Atlantic Union Bankshares by 1.0% during the 4th quarter. Man Group plc now owns 32,010 shares of the company’s stock valued at $1,125,000 after purchasing an additional 320 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Atlantic Union Bankshares by 1.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,361 shares of the company’s stock valued at $1,166,000 after purchasing an additional 360 shares in the last quarter. Covestor Ltd grew its position in shares of Atlantic Union Bankshares by 78.0% during the 1st quarter. Covestor Ltd now owns 826 shares of the company’s stock valued at $30,000 after purchasing an additional 362 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Atlantic Union Bankshares by 12.6% during the 2nd quarter. Captrust Financial Advisors now owns 4,838 shares of the company’s stock worth $164,000 after acquiring an additional 541 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in shares of Atlantic Union Bankshares by 3.2% during the 1st quarter. First Republic Investment Management Inc. now owns 18,560 shares of the company’s stock worth $651,000 after acquiring an additional 576 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.
Atlantic Union Bankshares Stock Performance
NASDAQ AUB opened at $33.19 on Wednesday. Atlantic Union Bankshares Co. has a 52-week low of $23.32 and a 52-week high of $41.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $2.49 billion, a P/E ratio of 11.47 and a beta of 0.96. The company has a fifty day moving average of $34.93 and a 200-day moving average of $31.78.
Atlantic Union Bankshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.86%. The ex-dividend date is Thursday, February 8th. Atlantic Union Bankshares’s dividend payout ratio is presently 50.39%.
Analysts Set New Price Targets
Separately, Raymond James lifted their price objective on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, January 5th.
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, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services.
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