Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 526.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 444,691 shares of the company’s stock after buying an additional 373,709 shares during the period. DAVENPORT & Co LLC’s holdings in Atlantic Union Bankshares were worth $16,834,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AUB. Natixis Advisors LLC boosted its position in Atlantic Union Bankshares by 24.2% during the third quarter. Natixis Advisors LLC now owns 60,782 shares of the company’s stock worth $2,290,000 after acquiring an additional 11,832 shares during the last quarter. Wesbanco Bank Inc. boosted 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 worth $2,375,000 after purchasing an additional 17,035 shares during the last quarter. Stifel Financial Corp grew its position in shares of Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after purchasing an additional 428 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Atlantic Union Bankshares in the third quarter valued at approximately $591,000. Finally, BNP Paribas Financial Markets lifted its position in Atlantic Union Bankshares by 95.5% during the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock worth $1,331,000 after buying an additional 17,265 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Up 1.1 %

Atlantic Union Bankshares stock opened at $37.81 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a 50 day moving average price of $38.99 and a 200 day moving average price of $38.76. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54. The company has a market capitalization of $3.39 billion, a PE ratio of 16.51 and a beta of 0.93.

Analyst Upgrades and Downgrades

AUB has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Thursday. Hovde Group dropped their price objective on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, January 27th. Finally, Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Atlantic Union Bankshares has an average rating of “Moderate Buy” and an average 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.