Brandywine Global Investment Management LLC Has $6.82 Million Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Brandywine Global Investment Management LLC reduced its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 180,105 shares of the company’s stock after selling 8,113 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Atlantic Union Bankshares were worth $6,822,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AUB. Wesbanco Bank Inc. raised its stake in Atlantic Union Bankshares by 37.3% during the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock valued at $2,375,000 after purchasing an additional 17,035 shares during the last quarter. Sandy Spring Bank increased its holdings in shares of Atlantic Union Bankshares by 598.2% during the 4th quarter. Sandy Spring Bank now owns 38,654 shares of the company’s stock worth $1,464,000 after purchasing an additional 33,118 shares during the period. Stifel Financial Corp raised its position in shares of Atlantic Union Bankshares by 1.3% during the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after buying an additional 428 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Atlantic Union Bankshares by 95.5% during the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock valued at $1,331,000 after buying an additional 17,265 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after buying an additional 284 shares during the period. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Trading Down 2.8 %

AUB stock opened at $30.26 on Wednesday. Atlantic Union Bankshares Co. has a 1-year low of $29.89 and a 1-year high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $35.10 and its 200-day moving average is $37.65. The firm has a market cap of $2.73 billion, a P/E ratio of 13.22 and a beta of 0.91.

Atlantic Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 4.49%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 59.39%.

Analysts Set New Price Targets

Several equities analysts have commented on AUB shares. Piper Sandler started coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price target for the company. Hovde Group reduced their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.20.

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.