Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,575 shares of the company’s stock after selling 535 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Atlantic Union Bankshares were worth $409,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Atlantic Union Bankshares by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 9,290,826 shares of the company’s stock worth $339,487,000 after buying an additional 111,580 shares during the period. Dimensional Fund Advisors LP lifted its position in Atlantic Union Bankshares by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,917,470 shares of the company’s stock worth $179,687,000 after buying an additional 28,655 shares during the period. The Manufacturers Life Insurance Company lifted its position in Atlantic Union Bankshares by 0.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,723,002 shares of the company’s stock worth $62,958,000 after buying an additional 10,969 shares during the period. Victory Capital Management Inc. lifted its position in Atlantic Union Bankshares by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,449,785 shares of the company’s stock worth $52,975,000 after buying an additional 40,659 shares during the period. Finally, Northern Trust Corp lifted its position in Atlantic Union Bankshares by 0.3% during the third quarter. Northern Trust Corp now owns 977,763 shares of the company’s stock worth $28,140,000 after buying an additional 3,364 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Insider Activity

In related news, Director Frank Russell Ellett bought 4,467 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $30.85 per share, for a total transaction of $137,806.95. Following the completion of the purchase, the director now owns 56,801 shares in the company, valued at $1,752,310.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.28% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Atlantic Union Bankshares stock opened at $33.29 on Wednesday. The stock’s 50-day moving average is $32.47 and its 200-day moving average is $33.72. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 11.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. Atlantic Union Bankshares Co. has a 12 month low of $25.27 and a 12 month high of $37.86.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The company had revenue of $288.47 million during the quarter, compared to analyst estimates of $178.82 million. During the same quarter last year, the business posted $0.63 EPS. Equities analysts anticipate that Atlantic Union Bankshares Co. will post 2.95 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.84%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 47.06%.

Analyst Ratings Changes

AUB has been the topic of several recent analyst reports. Piper Sandler reduced their target price on Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Stephens cut their price objective on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods cut their price objective on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th.

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.