Kennondale Capital Management LLC Takes Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Kennondale Capital Management LLC purchased a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 24,849 shares of the company’s stock, valued at approximately $941,000.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC boosted its holdings in shares of Atlantic Union Bankshares by 24.2% in the 3rd quarter. Natixis Advisors LLC now owns 60,782 shares of the company’s stock valued at $2,290,000 after buying an additional 11,832 shares in the last quarter. Wesbanco Bank Inc. raised its position 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 purchasing an additional 17,035 shares during the last quarter. Stifel Financial Corp raised its position in shares of Atlantic Union Bankshares by 1.3% in the 3rd 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Atlantic Union Bankshares in the 3rd quarter valued at approximately $591,000. Finally, BNP Paribas Financial Markets raised its position in shares of Atlantic Union Bankshares by 95.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock valued at $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.

Analyst Ratings Changes

Several brokerages recently commented on AUB. Hovde Group decreased 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. 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 for the company in a research report on Thursday, January 30th. Finally, Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective for the company. One investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.20.

Atlantic Union Bankshares Trading Up 0.8 %

NASDAQ AUB opened at $32.63 on Tuesday. The company has a fifty day moving average of $36.25 and a 200 day moving average of $38.13. The company has a market capitalization of $2.93 billion, a PE ratio of 14.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.17%. Atlantic Union Bankshares’s payout ratio is 59.39%.

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.