LSV Asset Management Sells 22,350 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

LSV Asset Management trimmed its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 924,500 shares of the company’s stock after selling 22,350 shares during the period. LSV Asset Management owned 1.23% of Atlantic Union Bankshares worth $33,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in Atlantic Union Bankshares by 2.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,449,785 shares of the company’s stock valued at $52,975,000 after purchasing an additional 40,659 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Atlantic Union Bankshares by 0.3% in the 3rd quarter. Northern Trust Corp now owns 977,763 shares of the company’s stock worth $28,140,000 after purchasing an additional 3,364 shares in the last quarter. London Co. of Virginia raised its stake in shares of Atlantic Union Bankshares by 8.7% in the third quarter. London Co. of Virginia now owns 677,922 shares of the company’s stock worth $19,511,000 after purchasing an additional 54,498 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Atlantic Union Bankshares by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 596,051 shares of the company’s stock valued at $17,154,000 after purchasing an additional 26,362 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Atlantic Union Bankshares by 3.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 517,351 shares of the company’s stock worth $18,904,000 after buying an additional 16,451 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 0.4 %

AUB stock opened at $33.48 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.31 and a beta of 0.94. Atlantic Union Bankshares Co. has a 1-year low of $23.32 and a 1-year high of $37.86. The business has a 50 day simple moving average of $33.50 and a two-hundred day simple moving average of $33.30.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Tuesday, April 23rd. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The firm had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. During the same quarter in the prior year, the company posted $0.63 earnings per share. Research analysts anticipate that Atlantic Union Bankshares Co. will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Donald R. Kimble purchased 7,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the transaction, the director now directly owns 7,582 shares in the company, valued at $266,355.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AUB has been the topic of several research reports. Keefe, Bruyette & Woods dropped their target price on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th. Stephens cut their price objective on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Finally, Piper Sandler decreased their target price on Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, April 29th.

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.