Atlantic Union Bankshares Co. (NASDAQ:AUB) Position Increased by American Century Companies Inc.

American Century Companies Inc. raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3,195.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056,073 shares of the company’s stock after purchasing an additional 1,024,025 shares during the quarter. American Century Companies Inc. owned approximately 1.18% of Atlantic Union Bankshares worth $40,004,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AUB. Wesbanco Bank Inc. raised its holdings in shares of Atlantic Union Bankshares by 37.3% during the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock valued at $2,375,000 after purchasing an additional 17,035 shares in the last quarter. Stifel Financial Corp increased its position in Atlantic Union Bankshares by 1.3% during the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after buying an additional 428 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Atlantic Union Bankshares during the third quarter valued at about $591,000. Sandy Spring Bank lifted its position in shares of Atlantic Union Bankshares by 598.2% in the fourth quarter. Sandy Spring Bank now owns 38,654 shares of the company’s stock worth $1,464,000 after buying an additional 33,118 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Atlantic Union Bankshares by 95.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock worth $1,331,000 after acquiring an additional 17,265 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Down 0.9 %

Shares of AUB stock opened at $31.63 on Friday. Atlantic Union Bankshares Co. has a 12 month low of $30.43 and a 12 month high of $44.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.84 billion, a PE ratio of 13.81 and a beta of 0.91. The stock has a 50 day moving average of $35.54 and a 200-day moving average of $37.79.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s payout ratio is presently 59.39%.

Analysts Set New Price Targets

AUB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Hovde Group reduced their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Finally, 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 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.20.

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.