Wealth Enhancement Advisory Services LLC Increases Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3.3% in the first quarter, HoldingsChannel reports. The fund owned 19,130 shares of the company’s stock after purchasing an additional 614 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Atlantic Union Bankshares were worth $596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Atlantic Union Bankshares during the first quarter valued at $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Atlantic Union Bankshares by 186.4% in 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. Investment Management Corp VA ADV purchased a new position in shares of Atlantic Union Bankshares in the fourth quarter worth about $72,000. Sterling Capital Management LLC lifted its stake in shares of Atlantic Union Bankshares by 838.1% in the fourth quarter. Sterling Capital Management LLC now owns 2,880 shares of the company’s stock worth $109,000 after buying an additional 2,573 shares in the last quarter. Finally, GTS Securities LLC purchased a new position in Atlantic Union Bankshares during the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AUB shares. Raymond James Financial upgraded shares of Atlantic Union Bankshares from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $37.00 to $41.00 in a research report on Tuesday, June 10th. Jefferies Financial Group set a $37.00 price objective on shares of Atlantic Union Bankshares and gave the company a “buy” rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 price target for the company. Finally, Hovde Group lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Atlantic Union Bankshares Stock Up 1.0%

Shares of NASDAQ:AUB opened at $33.52 on Friday. The company has a market capitalization of $4.77 billion, a PE ratio of 14.64 and a beta of 0.86. 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 twelve month low of $22.85 and a twelve month high of $44.54. The firm has a 50 day simple moving average of $30.33 and a 200-day simple moving average of $32.53.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 4.06%. Atlantic Union Bankshares’s dividend payout ratio is presently 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.