Keefe, Bruyette & Woods Lowers Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $33.00

Atlantic Union Bankshares (NASDAQ:AUB) had its price target lowered by Keefe, Bruyette & Woods from $40.00 to $33.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

AUB has been the subject of a number of other research reports. Morgan Stanley started coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price objective for the company. Hovde Group lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Finally, Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.40.

Atlantic Union Bankshares Stock Down 0.2 %

AUB stock opened at $27.78 on Monday. Atlantic Union Bankshares has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 12.13 and a beta of 0.80. The business’s 50 day moving average price is $29.66 and its two-hundred day moving average price is $35.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 62.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. North Reef Capital Management LP bought a new stake in shares of Atlantic Union Bankshares during the fourth quarter valued at approximately $78,942,000. American Century Companies Inc. increased its holdings in shares of Atlantic Union Bankshares by 3,195.3% in the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company’s stock worth $40,004,000 after purchasing an additional 1,024,025 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Atlantic Union Bankshares by 62.0% in the fourth quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company’s stock worth $98,029,000 after purchasing an additional 990,583 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atlantic Union Bankshares by 275.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock valued at $38,129,000 after purchasing an additional 757,014 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Atlantic Union Bankshares during the fourth quarter valued at $25,490,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

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.