2 weeks Ago By Defense World Staff
Bank of Montreal Can raised its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 11,662 shares of the company’s stock after acquiring an additional 1,169 shares during the period. Bank of Montreal Can’s holdings in Atlantic Union Bankshares were worth $442,000 at the end of the most recent quarter. Several other institutional investors have also recently bought and sold shares of AUB.
Vanguard Group Inc. grew its position in Atlantic Union Bankshares by 0.3% during the 4th quarter.
Vanguard Group Inc. now owns 10,953,700 shares of the company’s stock worth $414,926,000 after acquiring an additional 27,604 shares during the last quarter. Franklin Resources Inc.
boosted its stake in shares of Atlantic Union Bankshares by 2.8% during the fourth quarter. Franklin Resources Inc.
now owns 1,667,196 shares of the company’s stock valued at $63,153,000 after purchasing an additional 45,669 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of Atlantic Union Bankshares by 24.9% during the fourth quarter.
GW&K Investment Management LLC now owns 1,553,719 shares of the company’s stock worth $58,855,000 after purchasing an additional 309,519 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Atlantic Union Bankshares by 0.3% in the fourth quarter.
Bank of New York Mellon Corp now owns 1,076,953 shares of the company’s stock valued at $40,795,000 after buying an additional 2,861 shares during the period. Finally, American Century Companies Inc. raised its holdings in Atlantic Union Bankshares by 3,195.
3% in the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company’s stock valued at $40,004,000 after buying an additional 1,024,025 shares during the last quarter.
Institutional investors and hedge funds own 78.58% of the company’s stock. Atlantic Union Bankshares Stock PerformanceShares of AUB opened at $25.
45 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.
91 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $30.
85 and its two-hundred day simple moving average is $36.20. Atlantic Union Bankshares Co.
has a 12 month low of $22.85 and a 12 month high of $44.54.
The stock has a market capitalization of $2.29 billion, a P/E ratio of 11.11 and a beta of 0.
80. Atlantic Union Bankshares Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.
34 per share. The ex-dividend date was Friday, February 14th. This represents a $1.
36 annualized dividend and a yield of 5.34%. Atlantic Union Bankshares’s dividend payout ratio is currently 59.
39%. Analysts Set New Price TargetsA number of equities research analysts have weighed in on AUB shares. Hovde Group reduced their target price on shares of Atlantic Union Bankshares from $46.
00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Morgan Stanley initiated coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th.
They issued an “equal weight” rating and a $32.00 price objective for the company. Piper Sandler assumed coverage on Atlantic Union Bankshares in a report on Monday, January 13th.
They set an “overweight” rating and a $51.00 target price on the stock. 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 research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.
According to MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus target price of $41.33.Read Our Latest Stock Report on Atlantic Union BanksharesAbout Atlantic Union Bankshares (Free Report)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.Recommended StoriesFive stocks we like better than Atlantic Union BanksharesLow PE Growth Stocks: Unlocking Investment OpportunitiesHow to Invest in Micro-Cap Stocks Like a ProWhat Are Dividends? Buy the Best Dividend StocksInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? Biggest Stock Losers – Today’s Biggest Percentage DeclinersTake-Two Interactive: A Defensive Play Set to Explode.
