Atlantic Union Bankshares (NASDAQ:AUB) Coverage Initiated at Jefferies Financial Group

Equities researchers at Jefferies Financial Group initiated coverage on shares of Atlantic Union Bankshares (NASDAQ:AUB) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $37.00 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 26.19% from the stock’s current price.

AUB has been the subject of several other reports. Hovde Group decreased their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods reduced their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Atlantic Union Bankshares Stock Down 0.4%

NASDAQ:AUB opened at $29.32 on Wednesday. Atlantic Union Bankshares has a 1 year low of $22.85 and a 1 year high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 12.80 and a beta of 0.83. The stock has a 50-day moving average price of $28.42 and a two-hundred day moving average price of $34.93.

Hedge Funds Weigh In On Atlantic Union Bankshares

Hedge funds have recently made changes to their positions in the business. NBC Securities Inc. bought a new position in shares of Atlantic Union Bankshares in the 1st quarter valued at about $25,000. R Squared Ltd bought a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at $28,000. CWM LLC grew its stake in shares of Atlantic Union Bankshares by 99.4% in the first quarter. CWM LLC now owns 1,049 shares of the company’s stock valued at $33,000 after buying an additional 523 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Atlantic Union Bankshares by 186.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock valued at $41,000 after buying an additional 699 shares in the last quarter. Finally, Investment Management Corp VA ADV bought a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at about $72,000. 78.58% of the stock is owned by institutional investors.

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.