Thrivent Financial for Lutherans Sells 3,907 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Thrivent Financial for Lutherans lessened its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,441 shares of the company’s stock after selling 3,907 shares during the period. Thrivent Financial for Lutherans’ holdings in Atlantic Union Bankshares were worth $2,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Atlantic Union Bankshares during the 4th quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after buying an additional 410 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock worth $41,000 after buying an additional 699 shares during the last quarter. GAMMA Investing LLC raised its position in Atlantic Union Bankshares by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after acquiring an additional 284 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Atlantic Union Bankshares in the third quarter valued at $56,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $31.63 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 13.81 and a beta of 0.91. The company has a 50-day simple moving average of $35.54 and a 200 day simple moving average of $37.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

Atlantic Union Bankshares 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.