Westwood Holdings Group Inc. Sells 118,487 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Westwood Holdings Group Inc. cut its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,442,878 shares of the company’s stock after selling 118,487 shares during the quarter. Westwood Holdings Group Inc. owned 2.72% of Atlantic Union Bankshares worth $92,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AUB. R Squared Ltd acquired a new stake in Atlantic Union Bankshares during the 4th quarter worth about $28,000. Smartleaf Asset Management LLC lifted its stake in shares of Atlantic Union Bankshares by 186.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock valued at $41,000 after buying an additional 699 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Atlantic Union Bankshares during the 4th quarter valued at about $91,000. Sterling Capital Management LLC grew its position in Atlantic Union Bankshares by 838.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,880 shares of the company’s stock worth $109,000 after buying an additional 2,573 shares in the last quarter. Finally, KBC Group NV grew its position in Atlantic Union Bankshares by 55.9% in the fourth quarter. KBC Group NV now owns 4,475 shares of the company’s stock worth $170,000 after acquiring an additional 1,605 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Trading Down 0.5%

Shares of AUB opened at $30.97 on Monday. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve 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 company has a market cap of $2.79 billion, a P/E ratio of 13.52 and a beta of 0.83. The company’s fifty day simple moving average is $28.60 and its 200-day simple moving average is $35.10.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 62.10%.

Analysts Set New Price Targets

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

Atlantic Union Bankshares 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.