Partners in Financial Planning Makes New Investment in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Partners in Financial Planning acquired a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, HoldingsChannel reports. The firm acquired 6,000 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors have also modified their holdings of AUB. Vanguard Group Inc. boosted its stake in Atlantic Union Bankshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company’s stock worth $414,926,000 after buying an additional 27,604 shares in the last quarter. State Street Corp boosted its position in shares of Atlantic Union Bankshares by 3.0% during the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company’s stock valued at $169,214,000 after acquiring an additional 130,104 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Atlantic Union Bankshares by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company’s stock valued at $77,836,000 after acquiring an additional 14,823 shares in the last quarter. Franklin Resources Inc. increased its stake in Atlantic Union Bankshares by 20.0% in the third quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company’s stock valued at $62,607,000 after acquiring an additional 270,470 shares during the period. Finally, GW&K Investment Management LLC raised its position in Atlantic Union Bankshares by 24.9% in 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 in the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Trading Down 3.1 %

AUB stock opened at $30.69 on Monday. The business has a fifty day moving average price of $35.40 and a 200 day moving average price of $37.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a fifty-two week low of $30.31 and a fifty-two week high of $44.54. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 13.40 and a beta of 0.91.

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 issued a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.43%. Atlantic Union Bankshares’s dividend payout ratio is 59.39%.

Analysts Set New Price Targets

AUB has been the topic of a number of recent research reports. Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Finally, Hovde Group dropped their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.