Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,205 shares of the company’s stock after selling 340 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Atlantic Union Bankshares were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. HighPoint Advisor Group LLC grew its stake in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company’s stock worth $244,000 after purchasing an additional 312 shares during the period. Atria Investments Inc grew its stake in shares of Atlantic Union Bankshares by 5.9% during the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock worth $221,000 after purchasing an additional 326 shares during the period. Pettyjohn Wood & White Inc. grew its stake in Atlantic Union Bankshares by 5.2% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock valued at $327,000 after acquiring an additional 425 shares during the period. CIBC Asset Management Inc grew its stake in Atlantic Union Bankshares by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 8,731 shares of the company’s stock valued at $331,000 after acquiring an additional 431 shares during the period. Finally, Xponance Inc. grew its stake in Atlantic Union Bankshares by 9.5% in the 4th quarter. Xponance Inc. now owns 6,424 shares of the company’s stock valued at $243,000 after acquiring an additional 556 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AUB shares. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. Finally, Hovde Group dropped their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.40.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock opened at $31.11 on Friday. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 13.59 and a beta of 0.83. The company has a fifty day simple moving average of $28.62 and a 200-day simple moving average of $35.19. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, May 23rd. Atlantic Union Bankshares’s payout ratio is 62.10%.

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.