ProShare Advisors LLC Raises Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

ProShare Advisors LLC lifted its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 208,363 shares of the company’s stock after acquiring an additional 2,666 shares during the period. ProShare Advisors LLC’s holdings in Atlantic Union Bankshares were worth $7,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Atlantic Union Bankshares during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC lifted its holdings in shares of Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock valued at $41,000 after purchasing an additional 699 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Atlantic Union Bankshares in the 4th quarter worth about $91,000. Sterling Capital Management LLC raised its position in Atlantic Union Bankshares by 838.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company’s stock worth $109,000 after buying an additional 2,573 shares during the last quarter. Finally, KBC Group NV lifted its stake in Atlantic Union Bankshares by 55.9% during the 4th quarter. KBC Group NV now owns 4,475 shares of the company’s stock valued at $170,000 after acquiring an additional 1,605 shares during the period. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.5%

NASDAQ AUB opened at $30.97 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $22.85 and a 52 week high of $44.54. 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 company has a market capitalization of $2.79 billion, a P/E ratio of 13.52 and a beta of 0.83. The stock’s 50-day moving average price is $28.60 and its 200-day moving average price is $35.12.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares’s payout ratio is 62.10%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 price objective for the company. Keefe, Bruyette & Woods decreased 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 research note on Monday, April 28th. Finally, Hovde Group lowered their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and an average price target of $39.40.

About Atlantic Union Bankshares

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.