Sei Investments Co. Acquires 239,325 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Sei Investments Co. grew its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 63.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 616,796 shares of the company’s stock after purchasing an additional 239,325 shares during the quarter. Sei Investments Co.’s holdings in Atlantic Union Bankshares were worth $23,364,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AUB. R Squared Ltd bought a new position in Atlantic Union Bankshares during the fourth quarter worth $28,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Atlantic Union Bankshares by 78.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after purchasing an additional 410 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Atlantic Union Bankshares by 186.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock valued at $41,000 after buying an additional 699 shares during the period. GAMMA Investing LLC increased its position in Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after buying an additional 284 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Atlantic Union Bankshares during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 1.5 %

AUB stock opened at $31.85 on Thursday. The firm has a market capitalization of $2.86 billion, a PE ratio of 13.91 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a twelve month low of $30.43 and a twelve month high of $44.54. The stock’s 50 day moving average is $35.66 and its 200-day moving average is $37.83.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.27%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 59.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AUB shares. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective for the company. Hovde Group lowered their price objective 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average price target of $43.20.

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.