Salomon & Ludwin LLC Sells 397 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Salomon & Ludwin LLC cut its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,925 shares of the company’s stock after selling 397 shares during the period. Salomon & Ludwin LLC’s holdings in Atlantic Union Bankshares were worth $641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AUB. R Squared Ltd bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at approximately $28,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Atlantic Union Bankshares by 78.8% in the 3rd 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. GAMMA Investing LLC lifted its stake in shares of Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after purchasing an additional 489 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Atlantic Union Bankshares in the 3rd quarter valued at approximately $56,000. Finally, Blue Trust Inc. lifted its stake in shares of Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after acquiring an additional 1,095 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. 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 for the company. Hovde Group decreased their price target on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

Atlantic Union Bankshares Trading Down 1.4 %

AUB opened at $37.44 on Friday. The stock’s fifty day moving average is $38.09 and its two-hundred day moving average is $38.62. The company has a market capitalization of $3.36 billion, a P/E ratio of 14.05 and a beta of 0.92. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 3.63%. Atlantic Union Bankshares’s payout ratio is currently 59.39%.

Atlantic Union Bankshares Company 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.