19,770 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Laurion Capital Management LP

Laurion Capital Management LP acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,770 shares of the company’s stock, valued at approximately $749,000.

Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Atlantic Union Bankshares during the 4th quarter worth approximately $6,957,000. Sandy Spring Bank grew its position in 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 purchasing an additional 33,118 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of Atlantic Union Bankshares by 37.3% in the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock valued at $2,375,000 after acquiring an additional 17,035 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at $6,923,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Atlantic Union Bankshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company’s stock valued at $414,926,000 after acquiring an additional 27,604 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Piper Sandler assumed coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Finally, Hovde Group dropped their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and an average target price of $39.40.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB opened at $29.28 on Monday. The company’s fifty day moving average price is $28.78 and its 200 day moving average price is $35.33. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $44.54. The company has a market capitalization of $2.64 billion, a PE ratio of 12.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 62.10%.

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.