158,809 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC bought a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 158,809 shares of the company’s stock, valued at approximately $6,016,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AUB. Natixis Advisors LLC boosted its stake 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 purchasing an additional 11,832 shares during the last quarter. Wesbanco Bank Inc. boosted its position in shares of Atlantic Union Bankshares by 37.3% during 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 in the last quarter. Stifel Financial Corp grew its stake in Atlantic Union Bankshares by 1.3% during the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after purchasing an additional 428 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Atlantic Union Bankshares in the third quarter worth approximately $591,000. Finally, BNP Paribas Financial Markets lifted its stake in Atlantic Union Bankshares by 95.5% in the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock valued at $1,331,000 after buying an additional 17,265 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler assumed coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. Hovde Group reduced their price target on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $37.74 on Wednesday. The stock has a market cap of $3.39 billion, a P/E ratio of 16.48 and a beta of 0.92. The business’s fifty day moving average is $37.91 and its 200 day moving average is $38.57. 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 Co. has a 12-month low of $30.43 and a 12-month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Friday, February 14th. Atlantic Union Bankshares’s payout ratio is presently 59.39%.

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.