Westwood Holdings Group Inc. Sells 290,411 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Westwood Holdings Group Inc. decreased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,152,467 shares of the company's stock after selling 290,411 shares during the quarter. Westwood Holdings Group Inc. owned approximately 2.39% of Atlantic Union Bankshares worth $67,028,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AUB. LPL Financial LLC raised its position in Atlantic Union Bankshares by 12.2% in the 4th quarter. LPL Financial LLC now owns 86,859 shares of the company's stock valued at $3,290,000 after purchasing an additional 9,454 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Atlantic Union Bankshares by 342.2% during the fourth quarter. JPMorgan Chase & Co. now owns 402,247 shares of the company's stock worth $15,237,000 after acquiring an additional 311,290 shares during the last quarter. Norges Bank bought a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth $6,957,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth $212,000. Finally, Wellington Management Group LLP bought a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth $2,580,000. Institutional investors own 78.58% of the company's stock.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, CEO John C. Asbury bought 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The stock was purchased at an average cost of $32.91 per share, with a total value of $246,825.00. Following the completion of the purchase, the chief executive officer owned 270,532 shares in the company, valued at approximately $8,903,208.12. The trade was a 2.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.87% of the company's stock.

Atlantic Union Bankshares Stock Up 1.3%

Shares of Atlantic Union Bankshares stock opened at $31.63 on Wednesday. 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 Co. has a 12 month low of $22.85 and a 12 month high of $44.54. The business has a fifty day simple moving average of $31.78 and a 200 day simple moving average of $31.79. The stock has a market cap of $4.51 billion, a PE ratio of 13.81 and a beta of 0.88.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.15. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%. The business had revenue of $377.22 million during the quarter, compared to analysts' expectations of $369.70 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm's quarterly revenue was up 92.0% compared to the same quarter last year. Research analysts predict that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 4th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, August 4th. Atlantic Union Bankshares's payout ratio is presently 66.02%.

Wall Street Analyst Weigh In

AUB has been the subject of a number of recent research reports. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods boosted their target price on Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Monday. Raymond James Financial restated a "strong-buy" rating on shares of Atlantic Union Bankshares in a research report on Wednesday, July 30th. Piper Sandler dropped their target price on Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. Finally, Morgan Stanley began coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 target price for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.33.

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.

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