Keeley Teton Advisors LLC Has $3.67 Million Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Keeley Teton Advisors LLC reduced its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 17.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 96,788 shares of the company’s stock after selling 20,559 shares during the period. Keeley Teton Advisors LLC’s holdings in Atlantic Union Bankshares were worth $3,666,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after purchasing an additional 284 shares in the last quarter. HighPoint Advisor Group LLC increased its position in shares of Atlantic Union Bankshares by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company’s stock valued at $244,000 after acquiring an additional 312 shares during the last quarter. Atria Investments Inc raised its holdings in Atlantic Union Bankshares by 5.9% during the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock worth $221,000 after acquiring an additional 326 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after purchasing an additional 410 shares during the last quarter. Finally, Pettyjohn Wood & White Inc. grew its stake in Atlantic Union Bankshares by 5.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock valued at $327,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. 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 price objective for the company. Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.33.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $24.05 on Tuesday. The business’s 50 day moving average is $32.48 and its 200-day moving average is $36.70. The firm has a market cap of $2.17 billion, a P/E ratio of 10.50 and a beta of 0.80. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.65%. Atlantic Union Bankshares’s payout ratio is presently 59.39%.

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.