Ceredex Value Advisors LLC Sells 40,300 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Ceredex Value Advisors LLC decreased its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 324,367 shares of the company's stock after selling 40,300 shares during the quarter. Ceredex Value Advisors LLC owned about 0.36% of Atlantic Union Bankshares worth $12,287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AUB. Walleye Capital LLC acquired a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at about $1,169,000. Mariner LLC grew its stake in Atlantic Union Bankshares by 5.0% in the fourth quarter. Mariner LLC now owns 29,031 shares of the company's stock valued at $1,100,000 after acquiring an additional 1,378 shares during the period. Barclays PLC increased its holdings in shares of Atlantic Union Bankshares by 8.6% during the fourth quarter. Barclays PLC now owns 202,973 shares of the company's stock valued at $7,689,000 after acquiring an additional 16,097 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Atlantic Union Bankshares by 838.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock worth $109,000 after purchasing an additional 2,573 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Atlantic Union Bankshares in the 4th quarter worth $6,923,000. Institutional investors own 78.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on AUB shares. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective on the stock. Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Piper Sandler started coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.33.

Atlantic Union Bankshares Stock Performance

AUB stock traded down $0.09 during midday trading on Friday, hitting $24.65. The company's stock had a trading volume of 1,301,094 shares, compared to its average volume of 861,025. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $44.54. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 10.76 and a beta of 0.80. The stock's 50-day moving average price is $31.36 and its 200 day moving average price is $36.36. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 5.52%. 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.