Cibc World Markets Corp Purchases New Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Cibc World Markets Corp acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,369 shares of the company’s stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AUB. R Squared Ltd purchased a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. increased its stake in Atlantic Union Bankshares by 78.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after buying an additional 410 shares during the period. Smartleaf Asset Management LLC raised its position in Atlantic Union Bankshares by 186.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock worth $41,000 after buying an additional 699 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after acquiring an additional 284 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Atlantic Union Bankshares in the third quarter valued at about $56,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AUB shares. Piper Sandler assumed 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. Hovde Group reduced their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.20.

Atlantic Union Bankshares Price Performance

AUB stock opened at $32.94 on Tuesday. The firm has a 50 day moving average of $35.89 and a 200-day moving average of $37.91. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 14.38 and a beta of 0.91. 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 $30.43 and a 12-month high of $44.54.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.13%. Atlantic Union Bankshares’s payout ratio is 59.39%.

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.