2,400 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC bought a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,400 shares of the company’s stock, valued at approximately $91,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AUB. Truist Financial Corp raised its position in Atlantic Union Bankshares by 2.8% in the fourth quarter. Truist Financial Corp now owns 110,932 shares of the company’s stock valued at $4,202,000 after purchasing an additional 3,063 shares during the period. CIBC Asset Management Inc increased its position in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 8,731 shares of the company’s stock worth $331,000 after purchasing an additional 431 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Atlantic Union Bankshares by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 435,380 shares of the company’s stock valued at $16,492,000 after buying an additional 12,115 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Atlantic Union Bankshares by 275.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock valued at $38,129,000 after buying an additional 757,014 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in Atlantic Union Bankshares by 10.2% during the fourth quarter. Savant Capital LLC now owns 6,018 shares of the company’s stock worth $228,000 after buying an additional 557 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB opened at $35.24 on Monday. Atlantic Union Bankshares Co. has a 12 month low of $30.43 and a 12 month high of $44.54. The company has a market cap of $3.16 billion, a PE ratio of 15.39 and a beta of 0.92. The company has a 50-day simple moving average of $37.63 and a 200-day simple moving average of $38.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 3.86%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 59.39%.

Analyst Ratings Changes

AUB has been the topic of a number of research reports. Piper Sandler started coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price target on the stock. Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.40.

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.