LSV Asset Management Decreases Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

LSV Asset Management lowered its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 97.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,900 shares of the company's stock after selling 280,977 shares during the period. LSV Asset Management's holdings in Atlantic Union Bankshares were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AUB. Vanguard Group Inc. raised its position in shares of Atlantic Union Bankshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock valued at $414,926,000 after buying an additional 27,604 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Atlantic Union Bankshares by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company's stock worth $77,836,000 after purchasing an additional 14,823 shares in the last quarter. Franklin Resources Inc. raised its holdings in Atlantic Union Bankshares by 2.8% during the fourth quarter. Franklin Resources Inc. now owns 1,667,196 shares of the company's stock worth $63,153,000 after purchasing an additional 45,669 shares in the last quarter. GW&K Investment Management LLC increased its position in Atlantic Union Bankshares by 24.9% during the fourth quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company's stock worth $58,855,000 after buying an additional 309,519 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Atlantic Union Bankshares by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company's stock worth $40,795,000 after buying an additional 2,861 shares during the period. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock traded down $0.09 during trading on Friday, hitting $24.65. 1,301,094 shares of the stock were exchanged, compared to its average volume of 859,634. 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 Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The company has a fifty day moving average price of $31.36 and a 200-day moving average price of $36.36. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 10.76 and a beta of 0.80.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares's payout ratio is 59.39%.

Analyst Ratings Changes

AUB has been the subject of several recent analyst reports. Hovde Group reduced their price objective on shares of 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. Keefe, Bruyette & Woods reduced 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. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price for the company. Finally, Piper Sandler started coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an "overweight" rating and a $51.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $41.33.

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.