CIBC Private Wealth Group LLC Has $39,000 Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

CIBC Private Wealth Group LLC cut its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 76.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,067 shares of the company’s stock after selling 3,509 shares during the period. CIBC Private Wealth Group LLC’s holdings in Atlantic Union Bankshares were worth $39,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Atlantic Union Bankshares by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after buying an additional 284 shares in the last quarter. Atria Investments Inc grew its stake in shares of Atlantic Union Bankshares by 5.9% in the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock worth $221,000 after purchasing an additional 326 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after purchasing an additional 410 shares during the last quarter. Pettyjohn Wood & White Inc. grew its stake in shares of Atlantic Union Bankshares by 5.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock worth $327,000 after purchasing an additional 425 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after purchasing an additional 428 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AUB. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a research note on Wednesday. They issued an “equal weight” rating and a $32.00 price objective on the stock. Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective on the stock. Hovde Group reduced 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 note on Monday, March 17th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $26.31 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.37 billion, a P/E ratio of 11.49 and a beta of 0.80. The firm’s fifty day simple moving average is $33.31 and its two-hundred day simple moving average is $36.98. Atlantic Union Bankshares Co. has a 12 month low of $23.74 and a 12 month high of $44.54.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 5.17%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 59.39%.

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.