Atlantic Union Bankshares Co. $AUB Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,766,704 shares of the company’s stock after selling 72,992 shares during the period. Dimensional Fund Advisors LP owned 5.45% of Atlantic Union Bankshares worth $274,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Westside Investment Management Inc. grew its holdings in Atlantic Union Bankshares by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after buying an additional 390 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 309.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after acquiring an additional 653 shares during the period. Huntington National Bank lifted its holdings in shares of Atlantic Union Bankshares by 71.7% during the 2nd quarter. Huntington National Bank now owns 1,298 shares of the company’s stock worth $41,000 after acquiring an additional 542 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Atlantic Union Bankshares in the third quarter worth approximately $50,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Atlantic Union Bankshares by 64.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock valued at $48,000 after purchasing an additional 603 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AUB has been the subject of several research analyst reports. Stephens upped their price target on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Morgan Stanley lifted their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Piper Sandler upped their price objective on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Raymond James Financial set a $45.00 target price on Atlantic Union Bankshares in a research report on Thursday, December 11th. Finally, TD Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.85.

Atlantic Union Bankshares Trading Down 3.0%

NASDAQ AUB opened at $35.47 on Friday. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 15.49 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $42.18. The company’s 50 day moving average price is $38.53 and its 200 day moving average price is $36.01.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.11. The company had revenue of $391.33 million during the quarter, compared to the consensus estimate of $378.95 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period in the previous year, the firm earned $0.67 earnings per share. On average, sell-side analysts predict that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio is currently 72.55%.

About Atlantic Union Bankshares

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.