Systematic Financial Management LP Grows Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Systematic Financial Management LP increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 33.7% 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 463,039 shares of the company's stock after buying an additional 116,747 shares during the period. Systematic Financial Management LP owned 0.52% of Atlantic Union Bankshares worth $17,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Atlantic Union Bankshares by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,681,290 shares of the company's stock worth $186,626,000 after buying an additional 690,400 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Atlantic Union Bankshares by 1.2% in the second quarter. Westwood Holdings Group Inc. now owns 2,658,342 shares of the company's stock valued at $87,327,000 after purchasing an additional 30,586 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Atlantic Union Bankshares by 8.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,595,728 shares of the company's stock valued at $52,420,000 after buying an additional 128,447 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $38,770,000 after acquiring an additional 368,190 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Atlantic Union Bankshares by 8.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 973,480 shares of the company's stock valued at $36,671,000 after purchasing an additional 77,642 shares during the period. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ:AUB traded down $0.74 during mid-day trading on Thursday, reaching $42.05. 625,765 shares of the company traded hands, compared to its average volume of 544,671. The firm has a market cap of $3.78 billion, a PE ratio of 17.76 and a beta of 0.91. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54. The company's 50 day moving average price is $39.54 and its 200-day moving average price is $37.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $358.81 million for the quarter, compared to the consensus estimate of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities analysts expect that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.34 per share. This is a boost from Atlantic Union Bankshares's previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.23%. Atlantic Union Bankshares's dividend payout ratio is presently 56.43%.

Analyst Ratings Changes

AUB has been the topic of several research analyst reports. Hovde Group cut their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. Raymond James reduced their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a "market perform" rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

Atlantic Union Bankshares 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.