Keefe, Bruyette & Woods Lowers Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $35.00

Atlantic Union Bankshares (NASDAQ:AUB) had its target price cut by Keefe, Bruyette & Woods from $36.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 7.16% from the company’s current price.

AUB has been the subject of a number of other reports. Raymond James increased their target price on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Stephens reduced their target price on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock opened at $32.66 on Wednesday. Atlantic Union Bankshares has a 1 year low of $23.32 and a 1 year high of $37.86. The firm’s 50-day moving average is $33.59 and its 200 day moving average is $33.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 12.01 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.04). The firm had revenue of $288.47 million during the quarter, compared to analysts’ expectations of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same period in the prior year, the company posted $0.63 earnings per share. Sell-side analysts anticipate that Atlantic Union Bankshares will post 3.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Donald R. Kimble purchased 7,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the purchase, the director now owns 7,582 shares of the company’s stock, valued at $266,355.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlantic Union Bankshares

A number of large investors have recently modified their holdings of the business. Mather Group LLC. purchased a new stake in Atlantic Union Bankshares in the first quarter valued at approximately $27,000. Strs Ohio acquired a new position in shares of Atlantic Union Bankshares during the 4th quarter worth approximately $29,000. Covestor Ltd raised its stake in shares of Atlantic Union Bankshares by 95.0% during the 3rd quarter. Covestor Ltd now owns 1,053 shares of the company’s stock worth $30,000 after buying an additional 513 shares during the period. Ronald Blue Trust Inc. raised its stake in shares of Atlantic Union Bankshares by 556.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company’s stock worth $36,000 after buying an additional 1,164 shares during the period. Finally, TFO Wealth Partners LLC raised its stake in Atlantic Union Bankshares by 386,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock valued at $141,000 after purchasing an additional 3,861 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.