Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC reduced its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 3.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 682,795 shares of the company's stock after selling 23,047 shares during the quarter. Atlantic Union Bankshares comprises about 1.9% of Tributary Capital Management LLC's holdings, making the stock its 17th largest position. Tributary Capital Management LLC owned approximately 0.76% of Atlantic Union Bankshares worth $21,262,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AUB. Bank of New York Mellon Corp grew its stake in shares of Atlantic Union Bankshares by 8.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,171,836 shares of the company's stock worth $36,491,000 after purchasing an additional 94,883 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of Atlantic Union Bankshares by 8.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 6,619 shares of the company's stock worth $206,000 after purchasing an additional 527 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Atlantic Union Bankshares by 25.6% in the 1st quarter. DAVENPORT & Co LLC now owns 558,451 shares of the company's stock worth $17,390,000 after buying an additional 113,760 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Atlantic Union Bankshares in the 1st quarter worth about $310,000. Finally, Amalgamated Bank boosted its position in shares of Atlantic Union Bankshares by 30.7% in the 1st quarter. Amalgamated Bank now owns 34,400 shares of the company's stock worth $1,071,000 after buying an additional 8,073 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Trading Down 0.5%

AUB traded down $0.17 on Friday, reaching $33.23. 850,993 shares of the company's stock were exchanged, compared to its average volume of 1,142,591. The company's 50 day moving average is $31.16 and its 200-day moving average is $32.23. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 14.51 and a beta of 0.86. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $44.54. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.09%. The ex-dividend date was Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio (DPR) is 62.10%.

Wall Street Analyst Weigh In

AUB has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased 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 report on Monday, April 28th. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price objective on the stock. Raymond James Financial upgraded shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and upped their target price for the company from $37.00 to $41.00 in a report on Tuesday, June 10th. Finally, Jefferies Financial Group set a $37.00 target price 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company presently 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.