Prudential Financial Inc. Has $3.47 Million Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Prudential Financial Inc. lowered its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 15.3% in the fourth quarter, according to its most recent 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 period. Prudential Financial Inc. owned about 0.10% of Atlantic Union Bankshares worth $3,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AUB. Charles Schwab Investment Management Inc. boosted its holdings in shares of Atlantic Union Bankshares by 8.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 973,480 shares of the company’s stock worth $36,671,000 after buying an additional 77,642 shares during the period. FMR LLC boosted its stake in Atlantic Union Bankshares by 30.1% in the 3rd quarter. FMR LLC now owns 71,349 shares of the company’s stock valued at $2,688,000 after buying an additional 16,516 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Atlantic Union Bankshares by 95.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock worth $1,331,000 after purchasing an additional 17,265 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Atlantic Union Bankshares by 7.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 203,839 shares of the company’s stock valued at $7,679,000 after acquiring an additional 13,451 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Atlantic Union Bankshares in the third quarter worth $215,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

AUB stock opened at $30.26 on Wednesday. Atlantic Union Bankshares Co. has a 1-year low of $29.89 and a 1-year high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.73 billion, a PE ratio of 13.22 and a beta of 0.91. The business’s 50-day moving average price is $35.10 and its two-hundred day moving average price is $37.65.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 annualized dividend and a dividend yield of 4.49%. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Hovde Group dropped their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.20.

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.