Dynamic Technology Lab Private Ltd Buys 8,818 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Dynamic Technology Lab Private Ltd boosted its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 56.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,502 shares of the company’s stock after buying an additional 8,818 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Atlantic Union Bankshares were worth $928,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Atlantic Union Bankshares by 16.5% during the 4th quarter. Wells Fargo & Company MN now owns 196,027 shares of the company’s stock worth $7,425,000 after acquiring an additional 27,724 shares during the period. Landscape Capital Management L.L.C. bought a new position in Atlantic Union Bankshares in the fourth quarter valued at about $750,000. Pitcairn Co. raised its stake in Atlantic Union Bankshares by 15.1% during the fourth quarter. Pitcairn Co. now owns 24,408 shares of the company’s stock worth $925,000 after acquiring an additional 3,202 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at approximately $458,000. Finally, StoneX Group Inc. bought a new stake in shares of Atlantic Union Bankshares during the 4th quarter valued at approximately $948,000. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $25.44 on Monday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.11 and a beta of 0.80. Atlantic Union Bankshares Co. has a twelve month low of $24.48 and a twelve month high of $44.54. The stock has a fifty day simple moving average of $34.55 and a 200 day simple moving average of $37.43. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis 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 currently 59.39%.

Analyst Ratings Changes

A number of analysts have weighed in on AUB shares. Hovde Group cut their target price on shares of 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. Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lowered their target price on 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.20.

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.