Yousif Capital Management LLC Sells 686 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Yousif Capital Management LLC reduced its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,008 shares of the company’s stock after selling 686 shares during the quarter. Yousif Capital Management LLC’s holdings in Atlantic Union Bankshares were worth $1,288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AUB. DAVENPORT & Co LLC lifted its holdings in shares of Atlantic Union Bankshares by 526.5% in the 4th quarter. DAVENPORT & Co LLC now owns 444,691 shares of the company’s stock worth $16,834,000 after acquiring an additional 373,709 shares during the last quarter. Franklin Resources Inc. lifted its stake in Atlantic Union Bankshares by 20.0% in the third quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company’s stock worth $62,607,000 after purchasing an additional 270,470 shares during the last quarter. State Street Corp lifted its stake in Atlantic Union Bankshares by 3.0% in the third quarter. State Street Corp now owns 4,492,014 shares of the company’s stock worth $169,214,000 after purchasing an additional 130,104 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Atlantic Union Bankshares by 33.7% during the third quarter. Systematic Financial Management LP now owns 463,039 shares of the company’s stock valued at $17,443,000 after buying an additional 116,747 shares during the period. Finally, Tributary Capital Management LLC grew its stake in shares of Atlantic Union Bankshares by 17.8% during the fourth quarter. Tributary Capital Management LLC now owns 705,842 shares of the company’s stock valued at $26,737,000 after buying an additional 106,543 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AUB has been the subject of several research reports. Hovde Group lowered their price objective on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, January 27th. Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and a consensus price target of $44.40.

Atlantic Union Bankshares Trading Up 0.5 %

Shares of NASDAQ:AUB opened at $37.95 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $3.41 billion, a P/E ratio of 16.57 and a beta of 0.92. The business’s 50-day moving average is $38.19 and its 200 day moving average is $38.64. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.58%. Atlantic Union Bankshares’s payout ratio is currently 59.39%.

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.