Pettyjohn Wood & White Inc. Acquires 425 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Pettyjohn Wood & White Inc. boosted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,625 shares of the company’s stock after purchasing an additional 425 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Atlantic Union Bankshares were worth $327,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AUB. GW&K Investment Management LLC lifted its position in shares of Atlantic Union Bankshares by 24.9% during the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company’s stock worth $58,855,000 after buying an additional 309,519 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at $392,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Atlantic Union Bankshares by 26.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 30,180 shares of the company’s stock valued at $1,143,000 after purchasing an additional 6,373 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Atlantic Union Bankshares by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company’s stock worth $40,795,000 after purchasing an additional 2,861 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth about $6,016,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Price Performance

AUB opened at $35.29 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $37.34 and its 200-day simple moving average is $38.50. Atlantic Union Bankshares Co. has a one year low of $30.43 and a one year high of $44.54. The stock has a market capitalization of $3.17 billion, a P/E ratio of 15.41 and a beta of 0.92.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.34 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.85%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 59.39%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Hovde Group decreased their price target on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. Finally, Piper Sandler started coverage on 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

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.