Atlantic Union Bankshares (NASDAQ:AUB) Stock Price Expected to Rise, Stephens Analyst Says

Atlantic Union Bankshares (NASDAQ:AUB) had its price target raised by stock analysts at Stephens from $43.00 to $45.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ price target suggests a potential upside of 16.32% from the stock’s current price.

Several other equities research analysts have also weighed in on AUB. Morgan Stanley raised their price objective on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, December 11th. Janney Montgomery Scott assumed coverage on Atlantic Union Bankshares in a research note on Wednesday, October 8th. They issued a “buy” rating and a $42.00 price target for the company. TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Piper Sandler reduced their price target on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.95.

Atlantic Union Bankshares Trading Down 0.5%

Atlantic Union Bankshares stock traded down $0.18 during trading on Monday, reaching $38.69. The company had a trading volume of 40,219 shares, compared to its average volume of 1,142,939. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 16.83 and a beta of 0.83. Atlantic Union Bankshares has a 12-month low of $22.85 and a 12-month high of $40.71. The stock’s 50 day moving average price is $35.79 and its two-hundred day moving average price is $34.65.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data 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 analyst estimates 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 prior year, the business earned $0.67 earnings per share. As a group, equities analysts expect that Atlantic Union Bankshares will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlantic Union Bankshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. boosted its position in shares of Atlantic Union Bankshares by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after acquiring an additional 390 shares in the last quarter. Curio Wealth LLC acquired a new position in Atlantic Union Bankshares in the second quarter valued at $28,000. Farther Finance Advisors LLC grew its position in shares of Atlantic Union Bankshares by 309.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after buying an additional 653 shares during the period. Huntington National Bank grew its stake in shares of Atlantic Union Bankshares by 71.7% in the 2nd quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after buying an additional 542 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Atlantic Union Bankshares by 64.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock worth $48,000 after purchasing an additional 603 shares during the period. 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.