Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives Consensus Rating of “Moderate Buy” from Analysts

Atlantic Union Bankshares Co. (NASDAQ:AUBGet Free Report) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $41.6111.

AUB has been the subject of a number of recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Janney Montgomery Scott assumed coverage on shares of Atlantic Union Bankshares in a report on Wednesday, October 8th. They set a “buy” rating and a $42.00 price objective for the company. Piper Sandler dropped their target price on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating on the stock in a report on Friday, October 24th. Morgan Stanley upped their price target on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, December 11th. Finally, Raymond James Financial set a $45.00 price objective on Atlantic Union Bankshares in a research note on Thursday, December 11th.

Read Our Latest Stock Analysis on Atlantic Union Bankshares

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in shares of Atlantic Union Bankshares by 55.1% in the second quarter. Janney Montgomery Scott LLC now owns 60,541 shares of the company’s stock valued at $1,894,000 after buying an additional 21,513 shares during the period. StoneX Group Inc. acquired a new position in Atlantic Union Bankshares in the 2nd quarter valued at approximately $1,447,000. Verity & Verity LLC lifted its position in shares of Atlantic Union Bankshares by 29.6% in the 3rd quarter. Verity & Verity LLC now owns 504,420 shares of the company’s stock worth $17,801,000 after acquiring an additional 115,245 shares during the period. Truist Financial Corp grew its holdings in shares of Atlantic Union Bankshares by 39.7% during the 2nd quarter. Truist Financial Corp now owns 163,157 shares of the company’s stock worth $5,104,000 after purchasing an additional 46,353 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Atlantic Union Bankshares by 731.9% during the second quarter. Signaturefd LLC now owns 3,577 shares of the company’s stock valued at $112,000 after purchasing an additional 3,147 shares during the period. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares News Summary

Here are the key news stories impacting Atlantic Union Bankshares this week:

Atlantic Union Bankshares Trading Down 2.0%

Atlantic Union Bankshares stock opened at $38.86 on Monday. Atlantic Union Bankshares has a one year low of $22.85 and a one year high of $40.71. The company’s fifty day moving average price is $35.79 and its two-hundred day moving average price is $34.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 16.97 and a beta of 0.83.

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.11. The company had revenue of $391.33 million during the quarter, compared to the consensus estimate of $378.95 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same quarter in the prior year, the company posted $0.67 EPS. On average, analysts forecast that Atlantic Union Bankshares will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.48 annualized dividend and a yield of 3.8%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 72.55%.

About Atlantic Union Bankshares

(Get Free Report)

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.

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Analyst Recommendations for Atlantic Union Bankshares (NASDAQ:AUB)

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