Fisher Asset Management LLC Acquires 56,850 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Fisher Asset Management LLC lifted its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 385,253 shares of the company’s stock after purchasing an additional 56,850 shares during the period. Fisher Asset Management LLC owned 0.43% of Atlantic Union Bankshares worth $14,593,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Atlantic Union Bankshares by 3.0% in the third quarter. State Street Corp now owns 4,492,014 shares of the company’s stock valued at $169,214,000 after purchasing an additional 130,104 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Atlantic Union Bankshares by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company’s stock valued at $77,836,000 after purchasing an additional 14,823 shares during the period. Franklin Resources Inc. lifted its holdings in Atlantic Union Bankshares by 20.0% during the third quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company’s stock worth $62,607,000 after buying an additional 270,470 shares during the period. GW&K Investment Management LLC boosted its position in Atlantic Union Bankshares by 24.9% during the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company’s stock valued at $58,855,000 after acquiring an additional 309,519 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Atlantic Union Bankshares by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company’s stock valued at $40,795,000 after acquiring an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 1.6 %

Atlantic Union Bankshares stock opened at $35.11 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 15.33 and a beta of 0.92. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54. The business has a fifty day moving average price of $37.24 and a 200-day moving average price of $38.52.

Atlantic Union Bankshares Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on AUB shares. Piper Sandler started coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Finally, Hovde Group dropped their target price on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.