Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives $39.00 Consensus Target Price from Analysts

Atlantic Union Bankshares Co. (NASDAQ:AUB) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $39.00.

A number of research analysts have recently weighed in on AUB shares. Jefferies Financial Group set a $37.00 price objective on shares of Atlantic Union Bankshares and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley started coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an “equal weight” rating and a $32.00 price target for the company. Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on Atlantic Union Bankshares from $40.00 to $33.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th.

Institutional Trading of Atlantic Union Bankshares

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Atlantic Union Bankshares during the 4th quarter worth about $28,000. NBC Securities Inc. acquired a new position in Atlantic Union Bankshares during the first quarter worth approximately $25,000. CWM LLC raised its stake in Atlantic Union Bankshares by 99.4% during the first quarter. CWM LLC now owns 1,049 shares of the company’s stock worth $33,000 after purchasing an additional 523 shares during the period. Smartleaf Asset Management LLC raised its stake 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 purchasing an additional 699 shares during the period. Finally, Investment Management Corp VA ADV acquired a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at $72,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $28.82 on Wednesday. Atlantic Union Bankshares has a 12-month low of $22.85 and a 12-month high of $44.54. The stock has a market cap of $4.11 billion, a P/E ratio of 12.59 and a beta of 0.83. 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 company has a 50-day moving average of $28.34 and a two-hundred day moving average of $34.86.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio is presently 62.10%.

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.