GW&K Investment Management LLC Has $58.86 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

GW&K Investment Management LLC boosted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,553,719 shares of the company’s stock after purchasing an additional 309,519 shares during the quarter. GW&K Investment Management LLC owned about 1.73% of Atlantic Union Bankshares worth $58,855,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning grew its holdings in Atlantic Union Bankshares by 20.5% in the third quarter. Creative Planning now owns 13,159 shares of the company’s stock worth $496,000 after purchasing an additional 2,240 shares during the period. Blue Trust Inc. boosted its holdings in Atlantic Union Bankshares by 110.2% in the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after acquiring an additional 1,095 shares in the last quarter. Raymond James & Associates grew its stake in Atlantic Union Bankshares by 3.9% in the third quarter. Raymond James & Associates now owns 126,157 shares of the company’s stock valued at $4,752,000 after acquiring an additional 4,763 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Atlantic Union Bankshares during the third quarter valued at approximately $7,660,000. Finally, Pinnacle Associates Ltd. raised its position in shares of Atlantic Union Bankshares by 8.6% during the third quarter. Pinnacle Associates Ltd. now owns 290,468 shares of the company’s stock worth $10,614,000 after purchasing an additional 23,087 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Piper Sandler started coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price on the stock. Finally, Hovde Group decreased their price target on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

Atlantic Union Bankshares Trading Down 0.0 %

NASDAQ:AUB opened at $35.29 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54. The firm has a 50-day moving average price of $37.34 and a two-hundred day moving average price of $38.50. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 15.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current 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. Investors of record on Friday, February 14th will be issued 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 3.85%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 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.