Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,534,287 shares of the company's stock after selling 19,432 shares during the quarter. GW&K Investment Management LLC owned 1.70% of Atlantic Union Bankshares worth $47,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth $392,000. Raymond James Financial Inc. purchased a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth $6,923,000. HighTower Advisors LLC increased its position in shares of Atlantic Union Bankshares by 15.8% during the fourth quarter. HighTower Advisors LLC now owns 18,784 shares of the company's stock worth $712,000 after acquiring an additional 2,561 shares during the period. Natixis Advisors LLC increased its position in shares of Atlantic Union Bankshares by 23.4% during the fourth quarter. Natixis Advisors LLC now owns 74,976 shares of the company's stock worth $2,840,000 after acquiring an additional 14,194 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Atlantic Union Bankshares by 14.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,366 shares of the company's stock worth $544,000 after acquiring an additional 1,837 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AUB. Morgan Stanley began coverage on Atlantic Union Bankshares in a 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 company a "buy" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods dropped their target price on 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. Finally, Raymond James Financial raised Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from $37.00 to $41.00 in a report on Tuesday, June 10th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Atlantic Union Bankshares currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

Atlantic Union Bankshares Stock Performance

Shares of AUB traded down $0.56 during mid-day trading on Thursday, hitting $33.13. 738,530 shares of the company's stock were exchanged, compared to its average volume of 1,467,437. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The firm has a market capitalization of $4.72 billion, a P/E ratio of 14.47 and a beta of 0.86. The business's 50 day moving average is $31.31 and its two-hundred day moving average is $32.10. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm's revenue was up 92.0% compared to the same quarter last year. On average, equities analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio is presently 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.