Hsbc Holdings PLC raised its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report) by 1,292.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,335 shares of the company’s stock after acquiring an additional 98,696 shares during the period. Hsbc Holdings PLC’s holdings in Atlantic Union Bankshares were worth $3,752,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in shares of Atlantic Union Bankshares by 24.5% during the second quarter. State Street Corp now owns 7,400,456 shares of the company’s stock valued at $231,486,000 after buying an additional 1,457,647 shares during the period. North Reef Capital Management LP boosted its holdings in Atlantic Union Bankshares by 23.1% during the 4th quarter. North Reef Capital Management LP now owns 4,572,090 shares of the company’s stock valued at $161,395,000 after acquiring an additional 858,486 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in Atlantic Union Bankshares in the 4th quarter valued at $87,022,000. American Century Companies Inc. grew its position in Atlantic Union Bankshares by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 2,393,318 shares of the company’s stock valued at $84,460,000 after acquiring an additional 174,122 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Atlantic Union Bankshares by 36.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock worth $66,548,000 after purchasing an additional 565,564 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.
Atlantic Union Bankshares Stock Performance
Shares of NASDAQ AUB opened at $41.88 on Monday. The company has a 50 day simple moving average of $38.18 and a two-hundred day simple moving average of $37.65. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 18.29 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 $30.39 and a 12 month high of $42.18.
Atlantic Union Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 22nd. Atlantic Union Bankshares’s payout ratio is 62.71%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on AUB shares. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. TD Cowen boosted their price objective on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Morgan Stanley upped their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Stephens reaffirmed an “overweight” rating and set a $46.00 price target on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Finally, Piper Sandler increased their price objective on Atlantic Union Bankshares from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.88.
Read Our Latest Report on Atlantic Union Bankshares
Insider Activity
In related news, Director Nancy H. Agee acquired 650 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was acquired at an average price of $39.05 per share, with a total value of $25,382.50. Following the acquisition, the director directly owned 37,797 shares in the company, valued at $1,475,972.85. This represents a 1.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by company insiders.
Atlantic Union Bankshares Company Profile
Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.
Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.
Read More
- Five stocks we like better than Atlantic Union Bankshares
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Want to see what other hedge funds are holding AUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report).
Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
