Deroy & Devereaux Private Investment Counsel Inc. Has $2.89 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Deroy & Devereaux Private Investment Counsel Inc. reduced its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 30.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,655 shares of the company's stock after selling 40,010 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.10% of Atlantic Union Bankshares worth $2,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in Atlantic Union Bankshares during the first quarter worth about $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock worth $41,000 after purchasing an additional 699 shares during the period. Investment Management Corp VA ADV acquired a new position in Atlantic Union Bankshares in the 4th quarter valued at approximately $72,000. ORG Wealth Partners LLC acquired a new stake in shares of Atlantic Union Bankshares during the 1st quarter valued at $100,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Atlantic Union Bankshares by 838.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock valued at $109,000 after acquiring an additional 2,573 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AUB has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Hovde Group lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Raymond James Financial upgraded shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $37.00 to $41.00 in a report on Tuesday, June 10th. Morgan Stanley initiated 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. Finally, Jefferies Financial Group set a $37.00 price target on shares of Atlantic Union Bankshares and gave the company a "buy" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Atlantic Union Bankshares Trading Up 1.0%

NASDAQ AUB traded up $0.33 during trading hours on Friday, hitting $33.52. The company's stock had a trading volume of 599,685 shares, compared to its average volume of 1,126,861. The stock has a fifty day moving average of $30.33 and a 200 day moving average of $32.53. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $44.54. The firm has a market capitalization of $4.77 billion, a P/E ratio of 14.64 and a beta of 0.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a dividend of $0.34 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.06%. Atlantic Union Bankshares's payout ratio is 62.10%.

Atlantic Union Bankshares Company 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.