Nomura Asset Management Co. Ltd. Purchases 410 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Nomura Asset Management Co. Ltd. increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 78.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 930 shares of the company’s stock after purchasing an additional 410 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Atlantic Union Bankshares were worth $35,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after buying an additional 489 shares during the last quarter. UMB Bank n.a. grew its position in 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 in the last quarter. Quest Partners LLC bought a new stake in Atlantic Union Bankshares during the third quarter worth approximately $56,000. Blue Trust Inc. raised its position in Atlantic Union Bankshares by 110.2% during the third 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 period. Finally, Family Firm Inc. bought a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $85,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.9 %

Shares of AUB opened at $40.95 on Monday. The firm has a fifty day moving average price of $40.24 and a 200-day moving average price of $37.56. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.68 billion, a P/E ratio of 16.99 and a beta of 0.91. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $358.81 million during 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 earned $0.80 EPS. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.36 annualized dividend and a yield of 3.32%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. Atlantic Union Bankshares’s dividend payout ratio is 56.43%.

Analyst Upgrades and Downgrades

AUB has been the subject of a number of analyst reports. Hovde Group lowered their price target 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 raised their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, Raymond James cut their price target on shares of 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 assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.