Canal Capital Management LLC Boosts Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Canal Capital Management LLC lifted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,280 shares of the company’s stock after buying an additional 599 shares during the quarter. Canal Capital Management LLC owned approximately 0.07% of Atlantic Union Bankshares worth $2,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after acquiring an additional 284 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Atlantic Union Bankshares by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company’s stock worth $244,000 after buying an additional 312 shares during the period. Atria Investments Inc boosted its holdings in shares of Atlantic Union Bankshares by 5.9% in the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock valued at $221,000 after buying an additional 326 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its stake in shares of Atlantic Union Bankshares by 5.2% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock worth $327,000 after buying an additional 425 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after purchasing an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.4 %

Atlantic Union Bankshares stock opened at $24.65 on Monday. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The company has a market capitalization of $2.22 billion, a PE ratio of 10.76 and a beta of 0.80. The firm’s fifty day moving average is $31.36 and its 200 day moving average is $36.36. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AUB. Hovde Group lowered their price objective on shares of 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. Keefe, Bruyette & Woods decreased 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. 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 target price for the company. Finally, Morgan Stanley began coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.33.

About Atlantic Union Bankshares

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.