Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Holdings Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 59.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,564 shares of the company's stock after selling 37,839 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Atlantic Union Bankshares were worth $963,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings 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 valued at $186,626,000 after purchasing an additional 690,400 shares during the last quarter. State Street Corp boosted its position in Atlantic Union Bankshares by 3.0% during the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company's stock valued at $169,214,000 after purchasing an additional 130,104 shares during the period. Westwood Holdings Group Inc. grew its stake in Atlantic Union Bankshares by 1.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,658,342 shares of the company's stock worth $87,327,000 after buying an additional 30,586 shares during the last quarter. Geode Capital Management LLC increased its position in Atlantic Union Bankshares by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company's stock worth $77,836,000 after buying an additional 14,823 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Atlantic Union Bankshares by 8.8% during the second 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 during the period. 78.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AUB shares. Raymond James cut their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. Hovde Group reduced their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a "market perform" rating in a report on Friday, November 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.00.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB traded down $0.31 during mid-day trading on Thursday, reaching $37.15. The company had a trading volume of 998,855 shares, compared to its average volume of 556,516. The company has a 50-day moving average price of $40.40 and a two-hundred day moving average price of $37.67. The stock has a market cap of $3.34 billion, a PE ratio of 15.42 and a beta of 0.91. 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 1-year low of $30.43 and a 1-year high of $44.54.

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

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.34 dividend. This is an increase from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares's dividend payout ratio is currently 56.43%.

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.