Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Position Decreased by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,531 shares of the company's stock after selling 16,580 shares during the quarter. Prudential Financial Inc. owned about 0.10% of Atlantic Union Bankshares worth $3,467,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Atlantic Union Bankshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock worth $414,926,000 after buying an additional 27,604 shares during the last quarter. State Street Corp boosted its stake in shares of Atlantic Union Bankshares by 3.0% during the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company's stock worth $169,214,000 after acquiring an additional 130,104 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Atlantic Union Bankshares by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company's stock worth $77,836,000 after acquiring an additional 14,823 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Atlantic Union Bankshares by 20.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company's stock worth $62,607,000 after acquiring an additional 270,470 shares during the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of Atlantic Union Bankshares by 24.9% during the fourth quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company's stock worth $58,855,000 after purchasing an additional 309,519 shares during the period. Institutional investors own 78.58% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. 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 report on Thursday, January 30th. Hovde Group decreased their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Finally, Piper Sandler started coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an "overweight" rating and a $51.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares has an average rating of "Moderate Buy" and a consensus target price of $43.20.

Atlantic Union Bankshares Stock Down 6.7 %

NASDAQ AUB traded down $1.84 during trading on Friday, reaching $25.44. 2,505,507 shares of the company's stock were exchanged, compared to its average volume of 788,770. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a fifty-two week low of $24.71 and a fifty-two week high of $44.54. The company's fifty day simple moving average is $34.55 and its 200-day simple moving average is $37.43. The firm has a market capitalization of $2.29 billion, a PE ratio of 11.11 and a beta of 0.80.

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 given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares's payout ratio is presently 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.