Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,348 shares of the company’s stock after selling 691 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Atlantic Union Bankshares worth $2,989,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Atlantic Union Bankshares by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,681,290 shares of the company’s stock valued at $186,626,000 after acquiring an additional 690,400 shares during the period. Westwood Holdings Group Inc. grew its stake in Atlantic Union Bankshares by 1.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,658,342 shares of the company’s stock worth $87,327,000 after buying an additional 30,586 shares during the last quarter. Victory Capital Management Inc. increased its position in Atlantic Union Bankshares by 8.8% in the second quarter. Victory Capital Management Inc. now owns 1,595,728 shares of the company’s stock worth $52,420,000 after buying an additional 128,447 shares during the period. Bank of New York Mellon Corp lifted its stake in Atlantic Union Bankshares by 45.3% in the second quarter. Bank of New York Mellon Corp now owns 1,180,199 shares of the company’s stock valued at $38,770,000 after buying an additional 368,190 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Atlantic Union Bankshares by 9.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 612,181 shares of the company’s stock valued at $20,110,000 after acquiring an additional 53,740 shares during the period. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Trading Down 2.3 %

NASDAQ:AUB opened at $42.57 on Wednesday. The stock has a fifty day simple moving average of $38.93 and a 200 day simple moving average of $36.67. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.66 and a beta of 0.89. Atlantic Union Bankshares Co. has a 1-year low of $30.22 and a 1-year high of $44.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share 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 period in the previous year, the company posted $0.80 EPS. Sell-side analysts forecast that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.34 dividend. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.19%. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio is presently 56.43%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Hovde Group reduced their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Keefe, Bruyette & Woods boosted their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Finally, Raymond James lowered their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.00.

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.