Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives $43.88 Consensus Target Price from Brokerages

Atlantic Union Bankshares Co. (NASDAQ:AUB) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Four investment 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 brokerages that have covered the stock in the last year is $43.6250.

Several equities analysts recently issued reports on AUB shares. Morgan Stanley raised their price target on Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday. Stephens reaffirmed an “overweight” rating and issued a $46.00 target price on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Zacks Research lowered Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Piper Sandler raised their price objective on shares of Atlantic Union Bankshares from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Finally, TD Cowen boosted their target price on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 12th.

Insider Transactions at Atlantic Union Bankshares

In other news, Director Nancy H. Agee bought 650 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was acquired at an average cost of $39.05 per share, with a total value of $25,382.50. Following the completion of the acquisition, the director owned 37,797 shares of the company’s stock, valued at approximately $1,475,972.85. This represents a 1.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Atlantic Union Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of the business. Schroder Investment Management Group increased its position in Atlantic Union Bankshares by 9.4% during the third quarter. Schroder Investment Management Group now owns 731,359 shares of the company’s stock valued at $26,036,000 after acquiring an additional 62,614 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Atlantic Union Bankshares by 5.0% in the third quarter. William Blair Investment Management LLC now owns 1,021,450 shares of the company’s stock worth $36,047,000 after buying an additional 48,270 shares during the period. UBS Group AG raised its stake in shares of Atlantic Union Bankshares by 10.9% in the fourth quarter. UBS Group AG now owns 475,259 shares of the company’s stock worth $16,777,000 after buying an additional 46,867 shares during the period. Congress Asset Management Co. lifted its position in shares of Atlantic Union Bankshares by 4.7% during the 4th quarter. Congress Asset Management Co. now owns 1,964,949 shares of the company’s stock valued at $69,363,000 after buying an additional 87,761 shares in the last quarter. Finally, Sovran Advisors LLC bought a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at approximately $1,204,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Up 2.2%

Shares of AUB opened at $43.23 on Thursday. Atlantic Union Bankshares has a 1 year low of $30.39 and a 1 year high of $43.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a 50 day simple moving average of $38.43 and a two-hundred day simple moving average of $37.80. The firm has a market cap of $6.19 billion, a P/E ratio of 18.88 and a beta of 0.80.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $371.71 million for the quarter, compared to analysts’ expectations of $391.24 million. During the same period last year, the business posted $0.90 earnings per share. On average, analysts forecast that Atlantic Union Bankshares will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 22nd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 62.71%.

About Atlantic Union Bankshares

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.