Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lowered its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 33.3% in the fourth quarter, HoldingsChannel reports. The fund owned 27,500 shares of the company’s stock after selling 13,744 shares during the quarter. Teton Advisors Inc.’s holdings in Atlantic Union Bankshares were worth $1,005,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Louisiana State Employees Retirement System acquired a new position in shares of Atlantic Union Bankshares in the fourth quarter worth about $1,370,000. Charles Schwab Investment Management Inc. raised its position in shares of Atlantic Union Bankshares by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 596,051 shares of the company’s stock worth $17,154,000 after purchasing an additional 26,362 shares during the last quarter. London Co. of Virginia raised its position in shares of Atlantic Union Bankshares by 8.7% during the 3rd 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. Northern Trust Corp raised its position in shares of Atlantic Union Bankshares by 0.3% during 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 during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Atlantic Union Bankshares by 62.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 318,334 shares of the company’s stock worth $9,162,000 after purchasing an additional 121,806 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

NASDAQ AUB traded up $0.72 during trading hours on Thursday, hitting $33.34. 318,370 shares of the company’s stock traded hands, compared to its average volume of 413,055. Atlantic Union Bankshares Co. has a 52-week low of $23.32 and a 52-week high of $37.86. The company has a market capitalization of $2.51 billion, a PE ratio of 12.27 and a beta of 0.94. 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 firm’s 50-day moving average is $33.48 and its 200-day moving average is $33.25.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Stephens reduced their price target 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. Raymond James upped their price target on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Piper Sandler reduced their price target on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday.

Insider Activity

In other news, Director Donald R. Kimble purchased 7,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average price of $35.13 per share, with a total value of $245,910.00. Following the purchase, the director now directly owns 7,582 shares in the company, valued at approximately $266,355.66. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

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.