Everence Capital Management Inc. Has $273,000 Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Everence Capital Management Inc. lowered its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 6.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,200 shares of the company’s stock after selling 490 shares during the period. Everence Capital Management Inc.’s holdings in Atlantic Union Bankshares were worth $273,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. lifted its position in shares of Atlantic Union Bankshares by 78.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after acquiring an additional 410 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Atlantic Union Bankshares by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after acquiring an additional 489 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Atlantic Union Bankshares by 77.7% in the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after acquiring an additional 483 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares in the 3rd quarter valued at approximately $56,000. Finally, Blue Trust Inc. grew its holdings in shares of Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after purchasing an additional 1,095 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $36.44 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50 day moving average price is $40.36 and its two-hundred day moving average price is $38.33. Atlantic Union Bankshares Co. has a 52-week low of $30.43 and a 52-week high of $44.54. The firm has a market cap of $3.27 billion, a PE ratio of 15.12 and a beta of 0.93.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter last year, the firm earned $0.80 EPS. On average, equities analysts anticipate that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.34 dividend. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s payout ratio is 56.43%.

Analysts Set New Price Targets

A number of analysts have weighed in on AUB shares. Keefe, Bruyette & Woods raised their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Raymond James cut their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Hovde Group reduced their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

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.