Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives $43.17 Consensus Price Target from Analysts

Atlantic Union Bankshares Co. (NASDAQ:AUB) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $43.1667.

A number of research firms have recently weighed in on AUB. Morgan Stanley boosted their price objective on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Stephens raised their target price on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Piper Sandler lifted their target price on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Raymond James Financial set a $45.00 price target on Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, Zacks Research raised Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th.

Atlantic Union Bankshares Trading Up 1.1%

Atlantic Union Bankshares stock opened at $34.17 on Tuesday. The stock has a 50-day moving average price of $38.25 and a 200 day moving average price of $35.99. Atlantic Union Bankshares has a 52 week low of $22.85 and a 52 week high of $42.18. The stock has a market cap of $4.87 billion, a PE ratio of 14.92 and a beta of 0.82. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. During the same period in the prior year, the firm earned $0.67 EPS. Equities research analysts predict that Atlantic Union Bankshares will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.37 per share. The ex-dividend date was Friday, February 13th. This represents a $1.48 annualized dividend and a yield of 4.3%. Atlantic Union Bankshares’s dividend payout ratio is 72.55%.

Institutional Trading of Atlantic Union Bankshares

A number of hedge funds have recently added to or reduced their stakes in AUB. Hsbc Holdings PLC increased its stake in shares of Atlantic Union Bankshares by 1,292.0% during the 4th quarter. Hsbc Holdings PLC now owns 106,335 shares of the company’s stock valued at $3,752,000 after acquiring an additional 98,696 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Atlantic Union Bankshares by 724.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the company’s stock worth $118,000 after acquiring an additional 2,927 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth approximately $87,022,000. Claris Financial LLC purchased a new stake in Atlantic Union Bankshares in the fourth quarter valued at approximately $210,000. Finally, Invesco Ltd. grew its holdings in Atlantic Union Bankshares by 0.9% in the fourth quarter. Invesco Ltd. now owns 1,107,336 shares of the company’s stock valued at $39,089,000 after purchasing an additional 10,299 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

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.