Dynamic Technology Lab Private Ltd Has $928,000 Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Dynamic Technology Lab Private Ltd grew its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 56.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,502 shares of the company’s stock after buying an additional 8,818 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Atlantic Union Bankshares were worth $928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Atlantic Union Bankshares by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after acquiring an additional 284 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of Atlantic Union Bankshares by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company’s stock valued at $244,000 after acquiring an additional 312 shares in the last quarter. Atria Investments Inc grew its stake in Atlantic Union Bankshares by 5.9% in the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock valued at $221,000 after purchasing an additional 326 shares during the period. Nomura Asset Management Co. Ltd. grew its position 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 buying an additional 410 shares during the period. Finally, Pettyjohn Wood & White Inc. grew its position in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock valued at $327,000 after acquiring an additional 425 shares during the period. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $25.44 on Monday. Atlantic Union Bankshares Co. has a 52-week low of $24.48 and a 52-week high of $44.54. The stock’s 50-day simple moving average is $34.55 and its 200 day simple moving average is $37.43. 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 stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.11 and a beta of 0.80.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.35%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 59.39%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AUB. Keefe, Bruyette & Woods lowered their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective on the stock. Finally, Hovde Group cut their target price on shares of 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and an average target price of $43.20.

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.