Hsbc Holdings PLC Invests $3.08 Million in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Hsbc Holdings PLC acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 81,193 shares of the company’s stock, valued at approximately $3,081,000. Hsbc Holdings PLC owned 0.09% of Atlantic Union Bankshares as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 27,604 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 valued at $215,201,000 after buying an additional 31,082 shares in the last quarter. Franklin Resources Inc. grew its stake in Atlantic Union Bankshares by 2.8% in the 4th quarter. Franklin Resources Inc. now owns 1,667,196 shares of the company’s stock valued at $63,153,000 after buying an additional 45,669 shares in the last quarter. GW&K Investment Management LLC raised its holdings in Atlantic Union Bankshares by 24.9% during the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company’s stock valued at $58,855,000 after acquiring an additional 309,519 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Atlantic Union Bankshares by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company’s stock worth $40,795,000 after acquiring an additional 2,861 shares in the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AUB. 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 price target for the company. Hovde Group decreased their price target on 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. Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective for the company. Finally, 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 on the stock in a report on Monday. Two 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Atlantic Union Bankshares Stock Up 1.4 %

Shares of NASDAQ AUB opened at $27.87 on Wednesday. The business has a 50-day moving average of $29.81 and a 200-day moving average of $35.86. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 12.17 and a beta of 0.80. 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 Co. has a 12 month low of $22.85 and a 12 month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s payout ratio is 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.