Advisory Services Network LLC Trims Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Advisory Services Network LLC decreased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,029 shares of the company’s stock after selling 836 shares during the quarter. Advisory Services Network LLC’s holdings in Atlantic Union Bankshares were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Atlantic Union Bankshares during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its position 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 purchasing an additional 699 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after purchasing an additional 284 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth $91,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Atlantic Union Bankshares in the third quarter worth $121,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.4 %

Shares of NASDAQ AUB opened at $24.65 on Friday. The stock has a market capitalization of $2.22 billion, a P/E ratio of 10.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54. The firm’s 50 day simple moving average is $31.65 and its two-hundred day simple moving average is $36.44.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s payout ratio is presently 59.39%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AUB shares. Piper Sandler began coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price on the stock. Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 target price for the company. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares has an average rating of “Moderate Buy” and a consensus target price of $41.33.

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.