Atlantic Union Bankshares Co. (NYSE:AUB) Receives $43.62 Average Price Target from Analysts

Shares of Atlantic Union Bankshares Co. (NYSE:AUB) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $44.1250.

A number of equities research analysts recently weighed in on the company. TD Cowen boosted their price objective on Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research downgraded Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings began coverage on Atlantic Union Bankshares in a research report on Monday, July 6th. They issued a “buy (b-)” rating for the company. Morgan Stanley boosted their price target on Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 price objective on shares of Atlantic Union Bankshares in a research note on Wednesday.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock opened at $42.40 on Monday. Atlantic Union Bankshares has a fifty-two week low of $30.39 and a fifty-two week high of $43.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $6.07 billion, a P/E ratio of 12.66 and a beta of 0.79. The company’s 50 day moving average price is $39.80 and its two-hundred day moving average price is $38.41.

Atlantic Union Bankshares (NYSE:AUB) last posted its earnings results on Tuesday, July 21st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The firm had revenue of $387.57 million for the quarter, compared to analysts’ expectations of $389.06 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Atlantic Union Bankshares will post 3.74 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, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 22nd. Atlantic Union Bankshares’s payout ratio is presently 62.71%.

Hedge Funds Weigh In On Atlantic Union Bankshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of Atlantic Union Bankshares by 362.5% during the fourth quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $26,000 after purchasing an additional 580 shares during the period. Commonwealth Retirement Investments LLC acquired a new stake in Atlantic Union Bankshares in the fourth quarter valued at $39,000. EverSource Wealth Advisors LLC increased its holdings in Atlantic Union Bankshares by 504.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after purchasing an additional 1,287 shares during the period. Farther Finance Advisors LLC raised its position in Atlantic Union Bankshares by 138.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock worth $73,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Atlantic Union Bankshares during the 3rd quarter worth $77,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Key Atlantic Union Bankshares News

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

• Positive Sentiment: Atlantic Union Bankshares beat Q2 expectations, reporting $0.94 EPS versus the $0.92 consensus estimate, while revenue rose 3.1% year over year. Atlantic Union Bankshares tops second-quarter forecasts as revenue and profit increase (AUB)
• Positive Sentiment: The company posted solid operating trends, including 6% sequential revenue growth, a 3.89% net interest margin, and very low net charge-offs of 0.03% of loans, which supports confidence in credit quality and earnings durability. Atlantic Union Bankshares: A Quality Hold
• Neutral Sentiment: Loan and deposit balances continued to expand, with loans at $28.67 billion and deposits at $30.47 billion, showing steady balance-sheet growth rather than a major surprise. Atlantic Union Bankshares: A Quality Hold
• Neutral Sentiment: One market note said the stock may be as much as 31% undervalued based on profitability, which could reinforce the bullish case but does not change the near-term operating picture by itself. Atlantic Union Bankshares (AUB) Stock May Be 31% Undervalued On Profitability
• Negative Sentiment: Revenue came in slightly below Wall Street expectations at $387.57 million versus $389.06 million, so the quarter was not a complete across-the-board beat. Atlantic Union Bankshares earnings release

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.