Keeley Teton Advisors LLC Sells 20,559 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Keeley Teton Advisors LLC decreased its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,788 shares of the company's stock after selling 20,559 shares during the period. Keeley Teton Advisors LLC owned 0.11% of Atlantic Union Bankshares worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Atlantic Union Bankshares during the 4th quarter valued at approximately $6,957,000. Sandy Spring Bank raised its stake in Atlantic Union Bankshares by 598.2% during the fourth quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock worth $1,464,000 after buying an additional 33,118 shares during the last quarter. Wesbanco Bank Inc. raised its stake in Atlantic Union Bankshares by 37.3% during the fourth quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company's stock worth $2,375,000 after buying an additional 17,035 shares during the last quarter. Stifel Financial Corp lifted its holdings in Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock valued at $1,224,000 after buying an additional 428 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Atlantic Union Bankshares during the fourth quarter valued at $6,923,000. 78.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AUB. Piper Sandler began coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 price objective on the stock. Hovde Group dropped their target price on shares of 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. Keefe, Bruyette & Woods reduced their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. Finally, Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.33.

Atlantic Union Bankshares Stock Down 0.4 %

Shares of NASDAQ:AUB traded down $0.09 during mid-day trading on Friday, hitting $24.65. 1,301,094 shares of the company traded hands, compared to its average volume of 859,634. The stock has a market cap of $2.22 billion, a P/E ratio of 10.76 and a beta of 0.80. The stock has a 50-day moving average price of $31.36 and a two-hundred day moving average price of $36.36. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared 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. This represents a $1.36 annualized dividend and a yield of 5.52%. 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.