Rhumbline Advisers Sells 1,195 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Rhumbline Advisers reduced its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 272,497 shares of the company’s stock after selling 1,195 shares during the period. Rhumbline Advisers owned 0.30% of Atlantic Union Bankshares worth $8,486,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AUB. Smartleaf Asset Management LLC boosted its holdings 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 worth $41,000 after buying an additional 699 shares during the period. Investment Management Corp VA ADV bought a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth $72,000. Venturi Wealth Management LLC bought a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth $91,000. Sterling Capital Management LLC boosted its holdings in shares of Atlantic Union Bankshares by 838.1% during the 4th 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 during the period. Finally, Brevan Howard Capital Management LP bought a new stake in Atlantic Union Bankshares in the 4th quarter valued at $204,000. 78.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

AUB has been the subject of a number of research reports. Hovde Group reduced 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 report on Monday, March 17th. Jefferies Financial Group set a $37.00 price target on shares of Atlantic Union Bankshares and gave the company a “buy” rating in a report on Wednesday, May 21st. Morgan Stanley initiated coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Finally, Raymond James raised shares of Atlantic Union Bankshares from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $37.00 to $41.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Atlantic Union Bankshares Trading Up 3.1%

Shares of AUB stock opened at $32.26 on Wednesday. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 14.09 and a beta of 0.86. 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 fifty day moving average of $28.08 and a 200-day moving average of $33.80.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Friday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio is 62.10%.

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.