Graham Capital Management L.P. Acquires Shares of 67,619 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Graham Capital Management L.P. purchased a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,619 shares of the company’s stock, valued at approximately $2,561,000.

Several other institutional investors have also added to or reduced their stakes in AUB. GAMMA Investing LLC boosted its position in shares of Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after acquiring an additional 284 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in shares of Atlantic Union Bankshares by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company’s stock worth $244,000 after buying an additional 312 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Atlantic Union Bankshares by 5.9% in the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock worth $221,000 after buying an additional 326 shares during the last quarter. Pettyjohn Wood & White Inc. increased its holdings in shares of Atlantic Union Bankshares by 5.2% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock worth $327,000 after buying an additional 425 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 8,731 shares of the company’s stock valued at $331,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AUB shares. Morgan Stanley began coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price target on 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. Hovde Group cut their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Finally, Piper Sandler began coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and an average target price of $39.40.

Atlantic Union Bankshares Stock Down 0.4 %

Shares of NASDAQ:AUB opened at $29.28 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $28.78 and its 200 day moving average is $35.34. The stock has a market cap of $2.64 billion, a P/E ratio of 12.79 and a beta of 0.83. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 62.10%.

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.