Ceredex Value Advisors LLC Has $16.41 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Ceredex Value Advisors LLC increased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 448,997 shares of the company's stock after purchasing an additional 66,947 shares during the period. Ceredex Value Advisors LLC owned 0.60% of Atlantic Union Bankshares worth $16,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AUB. Covestor Ltd increased its position in shares of Atlantic Union Bankshares by 95.0% during the third quarter. Covestor Ltd now owns 1,053 shares of the company's stock valued at $30,000 after acquiring an additional 513 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in Atlantic Union Bankshares by 556.9% during the third quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company's stock worth $36,000 after purchasing an additional 1,164 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in Atlantic Union Bankshares during the third quarter worth approximately $58,000. Quantbot Technologies LP acquired a new stake in Atlantic Union Bankshares during the second quarter worth approximately $64,000. Finally, Tower Research Capital LLC TRC raised its holdings in Atlantic Union Bankshares by 16.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,334 shares of the company's stock worth $138,000 after purchasing an additional 747 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Raymond James raised their price objective on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, January 5th.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Donald R. Kimble acquired 7,000 shares of the company's stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $35.13 per share, with a total value of $245,910.00. Following the purchase, the director now owns 7,582 shares of the company's stock, valued at approximately $266,355.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock traded up $0.56 during trading on Monday, reaching $34.03. The company's stock had a trading volume of 339,008 shares, compared to its average volume of 395,754. The company has a 50-day moving average price of $33.91 and a two-hundred day moving average price of $32.83. The firm has a market cap of $2.56 billion, a PE ratio of 13.40 and a beta of 0.94. Atlantic Union Bankshares Co. has a fifty-two week low of $23.32 and a fifty-two week high of $37.86. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.03. The business had revenue of $289.46 million for the quarter, compared to analysts' expectations of $179.72 million. Atlantic Union Bankshares had a net margin of 19.31% and a return on equity of 9.51%. During the same period in the previous year, the company posted $0.90 EPS. On average, analysts forecast that Atlantic Union Bankshares Co. will post 3.18 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.32 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.28 annualized dividend and a yield of 3.76%. Atlantic Union Bankshares's dividend payout ratio is currently 50.39%.

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.