Brandywine Global Investment Management LLC Has $6.82 Million Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Brandywine Global Investment Management LLC decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 180,105 shares of the company’s stock after selling 8,113 shares during the period. Brandywine Global Investment Management LLC owned about 0.20% of Atlantic Union Bankshares worth $6,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after purchasing an additional 284 shares in the last quarter. Atria Investments Inc lifted its position in Atlantic Union Bankshares by 5.9% in the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock worth $221,000 after buying an additional 326 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Atlantic Union Bankshares by 78.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after buying an additional 410 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its stake 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 valued at $327,000 after buying an additional 425 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after acquiring an additional 428 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AUB. Hovde Group reduced their price objective on 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. Piper Sandler started 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. Finally, Keefe, Bruyette & Woods lowered their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and a consensus price target of $43.20.

Atlantic Union Bankshares Trading Down 2.8 %

Atlantic Union Bankshares stock opened at $30.26 on Wednesday. Atlantic Union Bankshares Co. has a one year low of $29.89 and a one year high of $44.54. The company’s fifty day moving average price is $35.10 and its two-hundred day moving average price is $37.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.22 and a beta of 0.91.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares’s payout ratio is 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.