Walleye Capital LLC Takes Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Walleye Capital LLC bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,864 shares of the company’s stock, valued at approximately $1,169,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock worth $41,000 after buying an additional 699 shares in the last quarter. GAMMA Investing LLC grew its position in Atlantic Union Bankshares by 27.3% in 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 during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at $91,000. Finally, Sterling Capital Management LLC lifted its position in shares of Atlantic Union Bankshares by 838.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company’s stock valued at $109,000 after acquiring an additional 2,573 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Trading Down 0.4 %

Shares of NASDAQ AUB opened at $24.65 on Monday. 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 one year low of $22.85 and a one year high of $44.54. The business has a 50-day moving average price of $31.36 and a two-hundred day moving average price of $36.36. The firm has a market capitalization of $2.22 billion, a PE ratio of 10.76 and a beta of 0.80.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s payout ratio is presently 59.39%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AUB. Hovde Group decreased their target price 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. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target on the stock. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their target price 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.33.

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.