Keeley Teton Advisors LLC Sells 20,559 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Keeley Teton Advisors LLC decreased its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,788 shares of the company’s stock after selling 20,559 shares during the period. Keeley Teton Advisors LLC owned approximately 0.11% of Atlantic Union Bankshares worth $3,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Verition Fund Management LLC acquired a new stake in Atlantic Union Bankshares during the third quarter worth $215,000. Stifel Financial Corp lifted its holdings in shares of Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after acquiring an additional 428 shares during the period. MML Investors Services LLC boosted its position in shares of Atlantic Union Bankshares by 11.0% during the 3rd quarter. MML Investors Services LLC now owns 8,797 shares of the company’s stock valued at $331,000 after acquiring an additional 869 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake 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 acquiring an additional 410 shares during the period. Finally, Barclays PLC lifted its stake in Atlantic Union Bankshares by 132.3% during the third quarter. Barclays PLC now owns 186,876 shares of the company’s stock worth $7,039,000 after purchasing an additional 106,415 shares during the period. Institutional investors own 78.58% of the company’s stock.

Analysts Set New Price Targets

AUB has been the subject of several analyst reports. Morgan Stanley began coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 target price for the company. Keefe, Bruyette & Woods lowered their target price 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. Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Finally, Piper Sandler assumed coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.33.

Atlantic Union Bankshares Price Performance

AUB opened at $24.05 on Tuesday. The company has a fifty day moving average price of $32.48 and a two-hundred day moving average price of $36.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $2.17 billion, a PE ratio of 10.50 and a beta of 0.80. Atlantic Union Bankshares Co. has a 52 week low of $22.85 and a 52 week high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 5.65%. Atlantic Union Bankshares’s payout ratio is currently 59.39%.

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.