Truist Financial Corp Has $4.20 Million Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Truist Financial Corp increased its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,932 shares of the company’s stock after buying an additional 3,063 shares during the period. Truist Financial Corp owned 0.12% of Atlantic Union Bankshares worth $4,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its position in Atlantic Union Bankshares by 24.2% during the 3rd quarter. Natixis Advisors LLC now owns 60,782 shares of the company’s stock worth $2,290,000 after buying an additional 11,832 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Atlantic Union Bankshares by 37.3% during the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock worth $2,375,000 after buying an additional 17,035 shares in the last quarter. Stifel Financial Corp lifted its position in Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after buying an additional 428 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Atlantic Union Bankshares during the 3rd quarter worth about $591,000. Finally, BNP Paribas Financial Markets lifted its position in 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 buying an additional 17,265 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Analyst Ratings Changes

AUB has been the topic of a number of research reports. Hovde Group cut their target price on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods cut their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Finally, Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.40.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ:AUB opened at $35.19 on Tuesday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 15.37 and a beta of 0.92. The firm’s 50 day simple moving average is $37.51 and its 200 day simple moving average is $38.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.86%. Atlantic Union Bankshares’s dividend payout ratio is 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.