Stephens Issues Positive Forecast for Atlantic Union Bankshares (NASDAQ:AUB) Stock Price

Atlantic Union Bankshares (NASDAQ:AUB) had its target price hoisted by Stephens from $43.00 to $45.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently issued reports on AUB. TD Cowen restated a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Morgan Stanley increased their target price on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, December 11th. Piper Sandler lowered their price target on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating for the company in a report on Friday, October 24th. Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Finally, Janney Montgomery Scott began coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, October 8th. They set a “buy” rating and a $42.00 price objective for the company. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.95.

Atlantic Union Bankshares Price Performance

AUB stock opened at $38.98 on Monday. The company has a market capitalization of $5.56 billion, a P/E ratio of 17.02 and a beta of 0.83. The company has a fifty day moving average price of $35.94 and a 200-day moving average price of $34.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares has a 52-week low of $22.85 and a 52-week high of $40.71.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.11. The company had revenue of $391.33 million for the quarter, compared to analysts’ expectations of $378.95 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts expect that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.8%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, November 14th. Atlantic Union Bankshares’s dividend payout ratio is presently 72.55%.

Institutional Trading of Atlantic Union Bankshares

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in shares of Atlantic Union Bankshares by 138.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock valued at $73,000 after acquiring an additional 1,200 shares during the period. State of Alaska Department of Revenue grew its holdings in Atlantic Union Bankshares by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 78,420 shares of the company’s stock valued at $2,767,000 after purchasing an additional 1,078 shares during the period. Choreo LLC grew its holdings in Atlantic Union Bankshares by 11.9% during the fourth quarter. Choreo LLC now owns 9,267 shares of the company’s stock valued at $329,000 after purchasing an additional 985 shares during the period. Evermay Wealth Management LLC increased its position in Atlantic Union Bankshares by 70.8% in the fourth quarter. Evermay Wealth Management LLC now owns 23,233 shares of the company’s stock worth $820,000 after buying an additional 9,632 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Atlantic Union Bankshares by 13.9% in the fourth quarter. Portside Wealth Group LLC now owns 12,163 shares of the company’s stock valued at $429,000 after buying an additional 1,481 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Company Profile

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.