Bryce Point Capital LLC Invests $458,000 in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Bryce Point Capital LLC acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,097 shares of the company’s stock, valued at approximately $458,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AUB. GAMMA Investing LLC grew its holdings in Atlantic Union Bankshares by 27.3% during the fourth 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 last quarter. HighPoint Advisor Group LLC raised its holdings in Atlantic Union Bankshares by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company’s stock worth $244,000 after acquiring an additional 312 shares during the period. Atria Investments Inc lifted its position in Atlantic Union Bankshares by 5.9% during the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock worth $221,000 after acquiring an additional 326 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after acquiring an additional 410 shares during the period. Finally, Pettyjohn Wood & White Inc. grew its position in shares of Atlantic Union Bankshares by 5.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock valued at $327,000 after purchasing an additional 425 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AUB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Hovde Group reduced their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Finally, Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective on the stock. One equities 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.20.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock opened at $25.44 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $24.71 and a 52 week high of $44.54. The business’s fifty day moving average is $34.55 and its two-hundred day moving average is $37.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.29 billion, a P/E ratio of 11.11 and a beta of 0.80.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 5.35%. Atlantic Union Bankshares’s dividend payout ratio is currently 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.