19,803 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,803 shares of the company’s stock, valued at approximately $750,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wesbanco Bank Inc. increased its holdings in shares of Atlantic Union Bankshares by 37.3% in the fourth quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock worth $2,375,000 after purchasing an additional 17,035 shares during the last quarter. Sandy Spring Bank raised its holdings in shares of Atlantic Union Bankshares by 598.2% during the 4th quarter. Sandy Spring Bank now owns 38,654 shares of the company’s stock worth $1,464,000 after acquiring an additional 33,118 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after acquiring an additional 428 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at $6,923,000. Finally, BNP Paribas Financial Markets increased its position in Atlantic Union Bankshares by 95.5% in the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock worth $1,331,000 after purchasing an additional 17,265 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock opened at $25.44 on Monday. The firm has a market capitalization of $2.29 billion, a PE ratio of 11.11 and a beta of 0.80. Atlantic Union Bankshares Co. has a 12-month low of $24.48 and a 12-month high of $44.54. The firm has a 50-day moving average price of $34.55 and a 200-day moving average price of $37.43. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on AUB shares. Keefe, Bruyette & Woods lowered 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 research report on Thursday, January 30th. Piper Sandler started 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 decreased their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.