Corebridge Financial Inc. Has $1.80 Million Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Corebridge Financial Inc. lowered its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,630 shares of the company’s stock after selling 3,720 shares during the quarter. Corebridge Financial Inc. owned 0.05% of Atlantic Union Bankshares worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after acquiring an additional 284 shares during the last quarter. Atria Investments Inc increased its position in shares of Atlantic Union Bankshares by 5.9% during the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company’s stock worth $221,000 after buying an additional 326 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after buying an additional 410 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its holdings in Atlantic Union Bankshares by 5.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company’s stock valued at $327,000 after buying an additional 425 shares during the period. Finally, Stifel Financial Corp boosted its position in Atlantic Union Bankshares by 1.3% during the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after acquiring an additional 428 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 1.5 %

NASDAQ AUB opened at $30.68 on Thursday. Atlantic Union Bankshares Co. has a 52 week low of $29.87 and a 52 week high of $44.54. The business has a 50 day moving average price of $34.96 and a 200-day moving average price of $37.61. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 13.40 and a beta of 0.91.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 59.39%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Hovde Group lowered their target price 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. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Finally, Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and an average target price of $43.20.

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.