LSV Asset Management Sells 280,977 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

LSV Asset Management decreased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 97.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,900 shares of the company’s stock after selling 280,977 shares during the quarter. LSV Asset Management’s holdings in Atlantic Union Bankshares were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AUB. American Century Companies Inc. lifted its holdings in shares of Atlantic Union Bankshares by 3,195.3% in the fourth quarter. American Century Companies Inc. now owns 1,056,073 shares of the company’s stock valued at $40,004,000 after purchasing an additional 1,024,025 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Atlantic Union Bankshares by 275.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock valued at $38,129,000 after buying an additional 757,014 shares during the last quarter. Schroder Investment Management Group bought a new position in Atlantic Union Bankshares during the 4th quarter valued at $25,490,000. Neumeier Poma Investment Counsel LLC purchased a new position in Atlantic Union Bankshares during the 4th quarter worth $19,907,000. Finally, Burkehill Global Management LP bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth $18,940,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 2.8 %

NASDAQ:AUB opened at $24.77 on Wednesday. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $32.19 and its 200 day moving average is $36.61. The stock has a market capitalization of $2.23 billion, a PE ratio of 10.81 and a beta of 0.80.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.49%. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 price target on the stock. Hovde Group reduced their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 17th. 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 target on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.