Westwood Holdings Group Inc. Lowers Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Westwood Holdings Group Inc. lowered its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,442,878 shares of the company's stock after selling 118,487 shares during the quarter. Westwood Holdings Group Inc. owned 2.72% of Atlantic Union Bankshares worth $92,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AUB. R Squared Ltd purchased a new stake in Atlantic Union Bankshares in the fourth quarter worth $28,000. Smartleaf Asset Management LLC increased 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 valued at $41,000 after acquiring an additional 699 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at $91,000. Sterling Capital Management LLC increased its holdings in shares of Atlantic Union Bankshares by 838.1% during the fourth 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. Finally, KBC Group NV increased its holdings in shares of Atlantic Union Bankshares by 55.9% during the fourth quarter. KBC Group NV now owns 4,475 shares of the company's stock valued at $170,000 after acquiring an additional 1,605 shares in the last quarter. Institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Performance

NASDAQ:AUB traded down $0.52 on Friday, hitting $28.82. The stock had a trading volume of 1,164,980 shares, compared to its average volume of 985,802. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 12.59 and a beta of 0.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $28.34 and its two-hundred day simple moving average is $34.86. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.34 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.72%. Atlantic Union Bankshares's payout ratio is currently 62.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Jefferies Financial Group set a $37.00 price objective on Atlantic Union Bankshares and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective on the stock. Finally, Hovde Group dropped 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Atlantic Union Bankshares has an average rating of "Moderate Buy" and an average price target of $39.00.

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.