Schroder Investment Management Group Takes Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Schroder Investment Management Group bought a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 673,451 shares of the company’s stock, valued at approximately $25,490,000.

A number of other large investors have also recently added to or reduced their stakes in AUB. Vanguard Group Inc. lifted its stake in shares of Atlantic Union Bankshares by 0.3% in 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 during the last quarter. State Street Corp raised its holdings in Atlantic Union Bankshares by 3.0% in the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company’s stock worth $169,214,000 after acquiring an additional 130,104 shares during the period. Geode Capital Management LLC lifted its position in 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 worth $77,836,000 after acquiring an additional 14,823 shares during the last quarter. Franklin Resources Inc. boosted 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 valued at $62,607,000 after acquiring an additional 270,470 shares during the period. Finally, GW&K Investment Management LLC grew its position in shares of 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 valued at $58,855,000 after purchasing an additional 309,519 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AUB. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. Hovde Group reduced their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average target price of $43.20.

Atlantic Union Bankshares Trading Up 1.5 %

Atlantic Union Bankshares stock opened at $30.68 on Thursday. Atlantic Union Bankshares Co. has a 12 month low of $29.87 and a 12 month high of $44.54. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 13.40 and a beta of 0.91. The business has a 50 day moving average price of $34.96 and a two-hundred day moving average price of $37.61. 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 Announces Dividend

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

Atlantic Union Bankshares Company 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.