Fort Washington Investment Advisors Inc. OH Reduces Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Fort Washington Investment Advisors Inc. OH decreased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 24.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 396,492 shares of the company's stock after selling 127,399 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.44% of Atlantic Union Bankshares worth $12,347,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at about $6,957,000. Sandy Spring Bank grew its holdings in Atlantic Union Bankshares by 598.2% during the fourth quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock worth $1,464,000 after acquiring an additional 33,118 shares during the period. Deutsche Bank AG raised its position in Atlantic Union Bankshares by 50.3% during the fourth quarter. Deutsche Bank AG now owns 77,693 shares of the company's stock valued at $2,943,000 after acquiring an additional 26,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Atlantic Union Bankshares during the fourth quarter valued at approximately $6,923,000. Finally, Vanguard Group Inc. lifted its holdings in Atlantic Union Bankshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock valued at $414,926,000 after acquiring an additional 27,604 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

Analysts Set New Price Targets

AUB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target on the stock. Raymond James raised shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $37.00 to $41.00 in a report on Tuesday. Hovde Group decreased their price objective on shares of 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, Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the company a "buy" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock traded down $0.81 during trading on Friday, reaching $30.71. The company had a trading volume of 1,380,015 shares, compared to its average volume of 1,048,761. The firm has a market capitalization of $4.38 billion, a PE ratio of 13.41 and a beta of 0.86. The firm's 50-day simple moving average is $28.34 and its 200 day simple moving average is $33.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, May 23rd. Atlantic Union Bankshares's payout ratio is 62.10%.

Atlantic Union Bankshares 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.