Teton Advisors Inc. Sells 2,600 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Teton Advisors Inc. decreased its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,400 shares of the company’s stock after selling 2,600 shares during the period. Teton Advisors Inc.’s holdings in Atlantic Union Bankshares were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AUB. GAMMA Investing LLC boosted its position in shares of Atlantic Union Bankshares by 27.3% during the 4th 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 grew its holdings in Atlantic Union Bankshares by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company’s stock worth $244,000 after purchasing an additional 312 shares during the period. Atria Investments Inc increased its stake in Atlantic Union Bankshares by 5.9% in the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock valued at $221,000 after purchasing an additional 326 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of 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 period. Finally, Pettyjohn Wood & White Inc. boosted its position in shares of Atlantic Union Bankshares by 5.2% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock worth $327,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

AUB stock opened at $24.05 on Tuesday. The business has a 50 day moving average of $32.48 and a 200-day moving average of $36.70. The firm has a market cap of $2.17 billion, a PE ratio of 10.50 and a beta of 0.80. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 59.39%.

Analysts Set New Price Targets

AUB has been the topic of a number of research reports. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price target on the stock. Morgan Stanley initiated coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 target price on the stock. Keefe, Bruyette & Woods lowered their price objective 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, Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.33.

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.