Atlantic Union Bankshares (NASDAQ:AUB) Price Target Lowered to $46.00 at Hovde Group

Atlantic Union Bankshares (NASDAQ:AUB) had its target price reduced by analysts at Hovde Group from $47.00 to $46.00 in a report issued on Monday,Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the stock. Hovde Group’s price target suggests a potential upside of 26.02% from the stock’s current price.

A number of other brokerages have also weighed in on AUB. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price for the company. Keefe, Bruyette & Woods increased their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, Raymond James lowered their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.80.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $36.50 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares has a 52 week low of $30.43 and a 52 week high of $44.54. The company’s 50 day moving average price is $39.43 and its two-hundred day moving average price is $38.75. The company has a market capitalization of $3.28 billion, a P/E ratio of 15.15 and a beta of 0.93.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new stake in Atlantic Union Bankshares in the 4th quarter valued at $28,000. Nomura Asset Management Co. Ltd. raised its position in shares of Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC raised its position in shares of Atlantic Union Bankshares by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after purchasing an additional 489 shares during the period. UMB Bank n.a. lifted its stake in shares of Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after buying an additional 483 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Atlantic Union Bankshares during the 3rd quarter worth about $56,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

About Atlantic Union Bankshares

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.