Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 31.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,090 shares of the company’s stock after selling 6,101 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Atlantic Union Bankshares were worth $496,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Wesbanco Bank Inc. boosted its holdings in Atlantic Union Bankshares by 37.3% in the fourth quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock valued at $2,375,000 after purchasing an additional 17,035 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after buying an additional 428 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Atlantic Union Bankshares in the 3rd quarter valued at $591,000. Sandy Spring Bank grew its position in shares of Atlantic Union Bankshares by 598.2% in the 4th quarter. Sandy Spring Bank now owns 38,654 shares of the company’s stock valued at $1,464,000 after buying an additional 33,118 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Atlantic Union Bankshares by 95.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock worth $1,331,000 after acquiring an additional 17,265 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AUB. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price for the company. Finally, 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 research report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.20.

Atlantic Union Bankshares Trading Down 0.9 %

NASDAQ AUB opened at $31.63 on Friday. The firm’s fifty day moving average is $35.54 and its two-hundred day moving average is $37.79. Atlantic Union Bankshares Co. has a one year low of $30.43 and a one year high of $44.54. 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 $2.84 billion, a PE ratio of 13.81 and a beta of 0.91.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

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.