Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives $42.55 Consensus Price Target from Analysts

Atlantic Union Bankshares Co. (NASDAQ:AUB) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned 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 $42.55.

Several equities analysts have recently issued reports on AUB shares. Zacks Research raised shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Stephens lifted their target price on Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Piper Sandler boosted their target price on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, February 5th. TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Finally, Morgan Stanley boosted their price objective on 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.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. StoneX Group Inc. bought a new stake in shares of Atlantic Union Bankshares in the second quarter valued at approximately $1,447,000. Verity & Verity LLC increased its stake in Atlantic Union Bankshares by 29.6% during 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. Envestnet Asset Management Inc. raised its holdings in Atlantic Union Bankshares by 10.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 659,791 shares of the company’s stock valued at $23,284,000 after acquiring an additional 64,806 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter valued at $2,378,000. Finally, Creative Planning lifted its position in shares of Atlantic Union Bankshares by 738.9% during the 2nd quarter. Creative Planning now owns 95,445 shares of the company’s stock valued at $2,986,000 after acquiring an additional 84,068 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $40.60 on Friday. The stock has a market cap of $5.79 billion, a PE ratio of 17.73 and a beta of 0.83. The stock has a 50-day moving average of $38.30 and a 200-day moving average of $35.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares has a one year low of $22.85 and a one year high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last released 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. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The business had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. During the same quarter last year, the firm earned $0.67 EPS. As a group, sell-side analysts expect that Atlantic Union Bankshares will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio is 72.55%.

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.