GW&K Investment Management LLC Purchases 309,519 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

GW&K Investment Management LLC lifted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 24.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,553,719 shares of the company’s stock after buying an additional 309,519 shares during the quarter. GW&K Investment Management LLC’s holdings in Atlantic Union Bankshares were worth $58,855,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Atlantic Union Bankshares during the fourth quarter worth about $28,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Atlantic Union Bankshares by 78.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after buying an additional 410 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after buying an additional 284 shares during the period. Quest Partners LLC bought a new position in Atlantic Union Bankshares in the 3rd quarter worth approximately $56,000. Finally, Blue Trust Inc. grew its stake in Atlantic Union Bankshares by 110.2% in the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after buying an additional 1,095 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $35.29 on Friday. The firm has a market capitalization of $3.17 billion, a P/E ratio of 15.41 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. The stock’s 50-day simple moving average is $37.34 and its two-hundred day simple moving average is $38.50. Atlantic Union Bankshares Co. has a twelve month low of $30.43 and a twelve month high of $44.54.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 3.85%. Atlantic Union Bankshares’s payout ratio is presently 59.39%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AUB shares. Keefe, Bruyette & Woods cut their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Thursday, January 30th. Hovde Group dropped their price objective on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, January 27th. Finally, Piper Sandler started coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to 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 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.