LSV Asset Management Sells 22,350 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

LSV Asset Management trimmed its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 924,500 shares of the company’s stock after selling 22,350 shares during the quarter. LSV Asset Management’s holdings in Atlantic Union Bankshares were worth $33,781,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strs Ohio bought a new position in Atlantic Union Bankshares in the 4th quarter valued at about $29,000. Covestor Ltd boosted its position in shares of Atlantic Union Bankshares by 95.0% during the 3rd quarter. Covestor Ltd now owns 1,053 shares of the company’s stock worth $30,000 after acquiring an additional 513 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Atlantic Union Bankshares by 194.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock worth $151,000 after acquiring an additional 2,720 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Atlantic Union Bankshares during the 3rd quarter worth approximately $152,000. Finally, Beacon Investment Advisors LLC acquired a new stake in shares of Atlantic Union Bankshares during the 3rd quarter worth approximately $210,000. 78.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Donald R. Kimble purchased 7,000 shares of Atlantic Union Bankshares stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the acquisition, the director now owns 7,582 shares of the company’s stock, valued at approximately $266,355.66. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AUB. Stephens reduced their price target on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods cut their target price on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th. Finally, Piper Sandler cut their target price on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th.

Atlantic Union Bankshares Price Performance

AUB stock opened at $33.48 on Monday. The company has a fifty day moving average price of $33.50 and a 200-day moving average price of $33.30. The company has a market capitalization of $2.52 billion, a P/E ratio of 12.31 and a beta of 0.94. Atlantic Union Bankshares Co. has a 52-week low of $23.32 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. The firm had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. During the same period in the prior year, the business earned $0.63 EPS. As a group, equities analysts expect that Atlantic Union Bankshares Co. will post 3.1 EPS for the current year.

Atlantic Union Bankshares Company 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.