Venturi Wealth Management LLC Makes New $91,000 Investment in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Venturi Wealth Management LLC purchased a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,400 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds and other institutional investors have also modified their holdings of AUB. R Squared Ltd acquired a new stake in Atlantic Union Bankshares during the fourth quarter worth about $28,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Atlantic Union Bankshares by 78.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after purchasing an additional 410 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $50,000 after purchasing an additional 284 shares during the period. Quest Partners LLC bought a new position in Atlantic Union Bankshares during the 3rd quarter worth $56,000. Finally, Blue Trust Inc. increased its position in Atlantic Union Bankshares by 110.2% in the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after buying an additional 1,095 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $35.24 on Monday. The firm’s 50-day simple moving average is $37.63 and its 200 day simple moving average is $38.57. The stock has a market cap of $3.16 billion, a P/E ratio of 15.39 and a beta of 0.92. 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 fifty-two week low of $30.43 and a fifty-two week high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared 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 3.86%. The ex-dividend date of this dividend is Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 59.39%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AUB. Piper Sandler started 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 target for the company. Hovde Group decreased their target price on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods cut their price target on 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 given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.40.

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.