Fort Washington Investment Advisors Inc. OH Sells 114,753 Shares of Atlantic Union Bankshares Co. $AUB

Fort Washington Investment Advisors Inc. OH cut its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606,259 shares of the company’s stock after selling 114,753 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.43% of Atlantic Union Bankshares worth $21,401,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Tritonpoint Wealth LLC grew its stake in Atlantic Union Bankshares by 1.8% in the 3rd quarter. Tritonpoint Wealth LLC now owns 17,522 shares of the company’s stock valued at $618,000 after buying an additional 317 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Atlantic Union Bankshares by 1.5% during the second quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock worth $688,000 after acquiring an additional 322 shares in the last quarter. Benson Investment Management Company Inc. boosted its holdings in shares of Atlantic Union Bankshares by 0.3% in the third quarter. Benson Investment Management Company Inc. now owns 107,665 shares of the company’s stock worth $3,799,000 after acquiring an additional 355 shares during the period. Accordant Advisory Group Inc grew its position in shares of Atlantic Union Bankshares by 1.0% in the third quarter. Accordant Advisory Group Inc now owns 36,245 shares of the company’s stock valued at $1,279,000 after purchasing an additional 364 shares in the last quarter. Finally, Westside Investment Management Inc. grew its position in shares of Atlantic Union Bankshares by 100.0% in the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AUB. Zacks Research raised Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Morgan Stanley lifted their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Raymond James Financial set a $45.00 price target on Atlantic Union Bankshares in a research report on Thursday, December 11th. Stephens increased their price target on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Finally, Piper Sandler raised their price objective on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Atlantic Union Bankshares Trading Down 2.0%

Shares of AUB stock opened at $34.80 on Friday. The company has a market capitalization of $4.96 billion, a PE ratio of 15.19 and a beta of 0.82. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $42.18. The business’s fifty day moving average is $37.94 and its 200 day moving average is $35.96. 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 (NASDAQ:AUB) last announced its earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. During the same period in the prior year, the company earned $0.67 EPS. On average, equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio is 72.55%.

Atlantic Union Bankshares Profile

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.