Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,578,737 shares of the company's stock after selling 16,991 shares during the quarter. Victory Capital Management Inc. owned about 1.76% of Atlantic Union Bankshares worth $59,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AUB. Dimensional Fund Advisors LP raised its holdings in Atlantic Union Bankshares by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,681,290 shares of the company's stock valued at $186,626,000 after acquiring an additional 690,400 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Atlantic Union Bankshares by 1.2% during 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. Bank of New York Mellon Corp increased its position in 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 acquiring an additional 368,190 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in Atlantic Union Bankshares by 9.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 612,181 shares of the company's stock valued at $20,110,000 after buying an additional 53,740 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its position in Atlantic Union Bankshares by 64.6% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 458,689 shares of the company's stock worth $15,066,000 after buying an additional 179,951 shares in the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Atlantic Union Bankshares Trading Down 1.2 %

AUB traded down $0.52 during trading on Friday, hitting $42.13. 224,375 shares of the stock were exchanged, compared to its average volume of 529,176. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 17.60 and a beta of 0.89. Atlantic Union Bankshares Co. has a 1 year low of $30.22 and a 1 year high of $43.57. The firm has a 50 day simple moving average of $38.25 and a 200 day simple moving average of $36.19.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $226.70 million. During the same period in the previous year, the firm posted $0.80 EPS. As a group, equities analysts expect that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.34 per share. This is an increase from Atlantic Union Bankshares's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.36 annualized dividend and a dividend yield of 3.23%. Atlantic Union Bankshares's dividend payout ratio 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.