London Co. of Virginia Lowers Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

London Co. of Virginia lowered its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 923,185 shares of the company’s stock after selling 2,991 shares during the quarter. London Co. of Virginia owned 1.03% of Atlantic Union Bankshares worth $34,970,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Barclays PLC grew its stake in shares of Atlantic Union Bankshares by 132.3% in the third quarter. Barclays PLC now owns 186,876 shares of the company’s stock valued at $7,039,000 after buying an additional 106,415 shares in the last quarter. GAMMA Investing LLC increased its stake in Atlantic Union Bankshares by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after purchasing an additional 284 shares during the period. Park Avenue Securities LLC lifted its position in shares of Atlantic Union Bankshares by 62.2% during the fourth quarter. Park Avenue Securities LLC now owns 11,559 shares of the company’s stock worth $438,000 after purchasing an additional 4,433 shares in the last quarter. Heritage Family Offices LLP boosted its stake in shares of Atlantic Union Bankshares by 24.2% in the fourth quarter. Heritage Family Offices LLP now owns 7,382 shares of the company’s stock valued at $280,000 after purchasing an additional 1,440 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Atlantic Union Bankshares by 19.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 523,891 shares of the company’s stock valued at $19,845,000 after purchasing an additional 84,290 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

AUB stock opened at $29.28 on Monday. The stock’s fifty day simple moving average is $28.78 and its 200-day simple moving average is $35.33. 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 capitalization of $2.64 billion, a price-to-earnings ratio of 12.79 and a beta of 0.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 4.64%. Atlantic Union Bankshares’s dividend payout ratio is presently 62.10%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AUB shares. Piper Sandler assumed coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 target price on the stock. Finally, Hovde Group decreased 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 research note on Monday, March 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.40.

Atlantic Union Bankshares Company Profile

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.