Thrivent Financial for Lutherans Has $2.63 Million Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Thrivent Financial for Lutherans increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,039 shares of the company’s stock after acquiring an additional 11,601 shares during the period. Thrivent Financial for Lutherans’ holdings in Atlantic Union Bankshares were worth $2,629,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Atlantic Union Bankshares by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,681,290 shares of the company’s stock worth $186,626,000 after acquiring an additional 690,400 shares in the last quarter. Norges Bank bought a new stake in Atlantic Union Bankshares in the 4th quarter worth about $18,902,000. Westwood Holdings Group Inc. increased its stake in Atlantic Union Bankshares by 19.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,627,756 shares of the company’s stock valued at $92,786,000 after buying an additional 419,793 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Atlantic Union Bankshares by 45.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,180,199 shares of the company’s stock worth $38,770,000 after buying an additional 368,190 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Atlantic Union Bankshares by 64.6% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 458,689 shares of the company’s stock worth $15,066,000 after buying an additional 179,951 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 1.5 %

NASDAQ:AUB opened at $37.67 on Tuesday. Atlantic Union Bankshares Co. has a 12 month low of $26.91 and a 12 month high of $42.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $38.25 and its 200 day moving average is $35.06. The stock has a market capitalization of $3.38 billion, a PE ratio of 13.85 and a beta of 0.89.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.95%. The firm had revenue of $212.20 million for the quarter, compared to analysts’ expectations of $216.03 million. During the same period in the prior year, the company earned $0.74 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. Sell-side analysts expect that Atlantic Union Bankshares Co. will post 3.04 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.28 annualized dividend and a dividend yield of 3.40%. Atlantic Union Bankshares’s payout ratio is 47.06%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AUB shares. Keefe, Bruyette & Woods increased their price target on Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. 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 note on Friday, September 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.00.

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.