Royce & Associates LP Sells 21,280 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Royce & Associates LP trimmed its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,000 shares of the company's stock after selling 21,280 shares during the period. Royce & Associates LP owned 0.13% of Atlantic Union Bankshares worth $4,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AUB. Dimensional Fund Advisors LP boosted its stake in shares of Atlantic Union Bankshares by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,681,290 shares of the company's stock valued at $186,626,000 after purchasing an additional 690,400 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Atlantic Union Bankshares by 19.0% during the first quarter. Westwood Holdings Group Inc. now owns 2,627,756 shares of the company's stock worth $92,786,000 after buying an additional 419,793 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Atlantic Union Bankshares by 45.3% during the second quarter. Bank of New York Mellon Corp now owns 1,180,199 shares of the company's stock worth $38,770,000 after buying an additional 368,190 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Atlantic Union Bankshares by 64.6% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 458,689 shares of the company's stock valued at $15,066,000 after acquiring an additional 179,951 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Atlantic Union Bankshares by 8.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,595,728 shares of the company's stock valued at $52,420,000 after acquiring an additional 128,447 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Raymond James dropped their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Hovde Group dropped their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a "market perform" rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.40.

Atlantic Union Bankshares Stock Down 0.8 %

Shares of AUB traded down $0.34 on Tuesday, reaching $41.76. The company's stock had a trading volume of 723,079 shares, compared to its average volume of 536,832. The stock has a market capitalization of $3.75 billion, a PE ratio of 17.33 and a beta of 0.89. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a twelve month low of $30.22 and a twelve month high of $43.57. The firm has a fifty day moving average of $38.53 and a 200-day moving average of $36.43.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The company had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. During the same quarter last year, the company earned $0.80 earnings per share. Equities analysts predict that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.34 per share. This is a positive change from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, November 8th. Atlantic Union Bankshares's dividend payout ratio (DPR) is 56.43%.

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.