Landscape Capital Management L.L.C. Invests $750,000 in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Landscape Capital Management L.L.C. purchased a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,803 shares of the company’s stock, valued at approximately $750,000.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. raised its position in Atlantic Union Bankshares by 3,195.3% during the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company’s stock valued at $40,004,000 after purchasing an additional 1,024,025 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Atlantic Union Bankshares by 275.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock valued at $38,129,000 after acquiring an additional 757,014 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Atlantic Union Bankshares in the fourth quarter worth about $25,490,000. Neumeier Poma Investment Counsel LLC bought a new position in Atlantic Union Bankshares during the 4th quarter worth about $19,907,000. Finally, Burkehill Global Management LP purchased a new position in Atlantic Union Bankshares during the 4th quarter valued at about $18,940,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.20.

Atlantic Union Bankshares Price Performance

NASDAQ AUB opened at $25.44 on Monday. Atlantic Union Bankshares Co. has a 12-month low of $24.48 and a 12-month high of $44.54. The firm’s fifty day simple moving average is $34.55 and its two-hundred day simple moving average is $37.43. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.29 billion, a P/E ratio of 11.11 and a beta of 0.80.

Atlantic Union Bankshares Dividend Announcement

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