Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 43.0% in the fourth quarter, Holdings Channel reports. The fund owned 1,190 shares of the company’s stock after selling 899 shares during the period. Blue Trust Inc.’s holdings in Atlantic Union Bankshares were worth $45,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at about $28,000. Nomura Asset Management Co. Ltd. boosted its holdings in Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after purchasing an additional 410 shares in the last quarter. GAMMA Investing LLC increased its stake in Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after purchasing an additional 284 shares during the last quarter. Quest Partners LLC acquired a new stake in Atlantic Union Bankshares during the third quarter worth approximately $56,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Atlantic Union Bankshares during the third quarter worth approximately $121,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $35.28 on Thursday. The company’s 50 day simple moving average is $37.38 and its 200-day simple moving average is $38.53. The firm has a market cap of $3.17 billion, a PE ratio of 15.40 and a beta of 0.92. Atlantic Union Bankshares Co. has a 12-month low of $30.43 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.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, February 14th. Atlantic Union Bankshares’s payout ratio is currently 59.39%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AUB shares. Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, January 27th. Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.40.

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.