Fort Washington Investment Advisors Inc. OH Sells 127,399 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 24.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 396,492 shares of the company's stock after selling 127,399 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.44% of Atlantic Union Bankshares worth $12,347,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Choreo LLC bought a new position in shares of Atlantic Union Bankshares in the fourth quarter worth about $236,000. Entropy Technologies LP bought a new position in shares of Atlantic Union Bankshares in the fourth quarter worth about $220,000. Savant Capital LLC boosted its stake in shares of Atlantic Union Bankshares by 10.2% in the fourth quarter. Savant Capital LLC now owns 6,018 shares of the company's stock worth $228,000 after acquiring an additional 557 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Atlantic Union Bankshares by 275.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company's stock worth $38,129,000 after buying an additional 757,014 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Atlantic Union Bankshares by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 435,380 shares of the company's stock worth $16,492,000 after buying an additional 12,115 shares in the last quarter. Institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Trading Down 0.9%

Shares of NASDAQ AUB traded down $0.27 during midday trading on Monday, hitting $30.48. The company's stock had a trading volume of 1,512,884 shares, compared to its average volume of 1,053,553. 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 $28.60 and its two-hundred day moving average is $33.42. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The firm has a market cap of $4.34 billion, a P/E ratio of 13.31 and a beta of 0.86.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.34 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 4.46%. Atlantic Union Bankshares's payout ratio is 62.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AUB shares. Morgan Stanley started coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price on the stock. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their price objective 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. Hovde Group decreased their price objective on 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. Finally, Raymond James upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $37.00 to $41.00 in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.00.

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.