Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 17.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 385,253 shares of the company’s stock after acquiring an additional 56,850 shares during the quarter. Fisher Asset Management LLC’s holdings in Atlantic Union Bankshares were worth $14,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in Atlantic Union Bankshares by 24.2% during the 3rd 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 period. Wesbanco Bank Inc. lifted its position in 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 acquiring an additional 17,035 shares during the period. Stifel Financial Corp lifted its position in Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after acquiring an additional 428 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Atlantic Union Bankshares during the 3rd quarter worth about $591,000. Finally, BNP Paribas Financial Markets lifted its position in 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 during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $35.11 on Tuesday. 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 Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54. The stock has a 50-day simple moving average of $37.24 and a two-hundred day simple moving average of $38.52. The firm has a market capitalization of $3.15 billion, a P/E ratio of 15.33 and a beta of 0.92.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.87%. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Analyst Ratings Changes

AUB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Hovde Group reduced their price objective on 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, Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

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.