Keeley Teton Advisors LLC Purchases 5,833 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Keeley Teton Advisors LLC grew its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUBGet Rating) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,499 shares of the company’s stock after acquiring an additional 5,833 shares during the period. Keeley Teton Advisors LLC owned about 0.21% of Atlantic Union Bankshares worth $5,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. People s United Financial Inc. increased its position in shares of Atlantic Union Bankshares by 2.0% during the fourth quarter. People s United Financial Inc. now owns 17,890 shares of the company’s stock valued at $667,000 after buying an additional 357 shares during the period. Covestor Ltd increased its position in shares of Atlantic Union Bankshares by 78.0% during the first quarter. Covestor Ltd now owns 826 shares of the company’s stock valued at $30,000 after buying an additional 362 shares during the period. Lazard Asset Management LLC increased its position in shares of Atlantic Union Bankshares by 24.4% during the fourth quarter. Lazard Asset Management LLC now owns 2,398 shares of the company’s stock valued at $89,000 after buying an additional 471 shares during the period. Teacher Retirement System of Texas increased its position in shares of Atlantic Union Bankshares by 4.6% during the first quarter. Teacher Retirement System of Texas now owns 15,588 shares of the company’s stock valued at $572,000 after buying an additional 689 shares during the period. Finally, Redmond Asset Management LLC increased its position in shares of Atlantic Union Bankshares by 1.4% during the first quarter. Redmond Asset Management LLC now owns 54,626 shares of the company’s stock valued at $2,004,000 after buying an additional 773 shares during the period. 69.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ronald L. Tillett sold 2,500 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $34.48, for a total transaction of $86,200.00. Following the sale, the director now owns 27,482 shares in the company, valued at $947,579.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.01% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $33.50 on Wednesday. The stock has a market cap of $2.51 billion, a PE ratio of 11.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.83 and a current ratio of 0.83. Atlantic Union Bankshares Co. has a fifty-two week low of $31.44 and a fifty-two week high of $42.67. The firm’s 50-day simple moving average is $33.88 and its two-hundred day simple moving average is $35.10.

Atlantic Union Bankshares (NASDAQ:AUBGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.69 earnings per share for the quarter. The business had revenue of $180.63 million for the quarter, compared to analysts’ expectations of $172.93 million. Atlantic Union Bankshares had a net margin of 31.89% and a return on equity of 9.08%. During the same quarter in the prior year, the company earned $1.05 earnings per share.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Thursday, August 11th. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.28. Atlantic Union Bankshares’s dividend payout ratio is 41.96%.

Analyst Ratings Changes

Separately, Compass Point reduced their price target on shares of Atlantic Union Bankshares to $50.00 in a research report on Friday, July 22nd.

Atlantic Union Bankshares Company Profile

(Get Rating)

Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. The company accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services.

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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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