American Century Companies Inc. Purchases 1,024,025 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

American Century Companies Inc. boosted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3,195.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,056,073 shares of the company’s stock after acquiring an additional 1,024,025 shares during the quarter. American Century Companies Inc.’s holdings in Atlantic Union Bankshares were worth $40,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AUB. R Squared Ltd bought a new position in Atlantic Union Bankshares during the 4th quarter valued at about $28,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after acquiring an additional 410 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Atlantic Union Bankshares by 186.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock worth $41,000 after acquiring an additional 699 shares in the last quarter. GAMMA Investing LLC grew its position 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 during the last quarter. Finally, Quest Partners LLC acquired a new stake in Atlantic Union Bankshares during the 3rd quarter valued at $56,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock opened at $31.63 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 13.81 and a beta of 0.91. The firm has a fifty day moving average of $35.54 and a two-hundred day moving average of $37.79.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 59.39%.

Wall Street Analyst Weigh In

AUB has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Finally, 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 report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.