Bryce Point Capital LLC Buys New Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Bryce Point Capital LLC acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 12,097 shares of the company’s stock, valued at approximately $458,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AUB. R Squared Ltd acquired a new position in shares of Atlantic Union Bankshares during the fourth quarter worth $28,000. Nomura Asset Management Co. Ltd. raised its position in shares of Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after purchasing an additional 410 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Atlantic Union Bankshares by 186.4% in the fourth 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 in the last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 284 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Atlantic Union Bankshares in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

AUB stock opened at $25.44 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.29 billion, a PE ratio of 11.11 and a beta of 0.80. The business has a 50 day moving average of $34.55 and a 200-day moving average of $37.45. Atlantic Union Bankshares Co. has a 12-month low of $24.71 and a 12-month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AUB shares. Keefe, Bruyette & Woods lowered 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. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price target for the company. Finally, Hovde Group cut 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.20.

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.