Atlantic Union Bankshares Co. (NYSE:AUB) Stock Has Consensus Target Price of $46.33 According to Brokerages

Shares of Atlantic Union Bankshares Co. (NYSE:AUB) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $46.40.

A number of research firms have weighed in on AUB. Morgan Stanley upped their target price on Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 28th. Piper Sandler reiterated an “overweight” rating and set a $47.00 price target on shares of Atlantic Union Bankshares in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, TD Cowen dropped their price objective on shares of Atlantic Union Bankshares from $48.00 to $44.00 and set a “buy” rating for the company in a report on Monday.

Atlantic Union Bankshares Stock Down 0.2%

Shares of NYSE AUB opened at $37.83 on Friday. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 11.29 and a beta of 0.80. The company’s 50-day simple moving average is $40.22 and its 200-day simple moving average is $39.39. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares has a 52-week low of $30.87 and a 52-week high of $43.62.

Atlantic Union Bankshares (NYSE:AUB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%. The firm had revenue of $387.57 million during the quarter, compared to the consensus estimate of $389.06 million. During the same period in the prior year, the company earned $0.95 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that Atlantic Union Bankshares will post 3.76 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, August 7th. Atlantic Union Bankshares’s payout ratio is presently 44.18%.

Institutional Trading of Atlantic Union Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stokes Capital Advisors LLC grew its position in Atlantic Union Bankshares by 5.6% in the third quarter. Stokes Capital Advisors LLC now owns 9,350 shares of the company’s stock worth $355,000 after acquiring an additional 500 shares during the period. GAMMA Investing LLC raised its position in Atlantic Union Bankshares by 15.5% in the third quarter. GAMMA Investing LLC now owns 8,635 shares of the company’s stock valued at $328,000 after purchasing an additional 1,158 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Atlantic Union Bankshares by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock valued at $71,000 after purchasing an additional 366 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Atlantic Union Bankshares by 15.9% in the 3rd quarter. CoreCap Advisors LLC now owns 2,660 shares of the company’s stock valued at $101,000 after purchasing an additional 365 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in shares of Atlantic Union Bankshares by 1.2% in the 3rd quarter. Congress Asset Management Co. now owns 2,531,692 shares of the company’s stock valued at $96,078,000 after purchasing an additional 30,528 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, families, businesses and institutions.

The bank offers deposit accounts, residential and commercial lending, mortgages, credit cards, cash management, treasury services and online and mobile banking. Through its wealth management and investment services, it also provides financial planning, trust, brokerage and portfolio management solutions.

Atlantic Union Bank serves customers through a network of branches and digital channels across Virginia, Maryland and North Carolina, with a focus on the Mid-Atlantic region.