Atlantic Union Bankshares Co. (NASDAQ:AUB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $41.5556.

A number of equities analysts have recently weighed in on AUB shares. Raymond James Financial reissued a “strong-buy” rating and issued a $43.00 price target (up from $42.00) on shares of Atlantic Union Bankshares in a report on Friday, October 3rd. Piper Sandler cut their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, July 25th. Keefe, Bruyette & Woods boosted their price target on Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. Janney Montgomery Scott started coverage on Atlantic Union Bankshares in a report on Wednesday, October 8th. They issued a “buy” rating and a $42.00 price target for the company. Finally, TD Cowen started coverage on Atlantic Union Bankshares in a report on Thursday, September 25th. They issued a “buy” rating and a $46.00 price target for the company.

Insider Buying and Selling at Atlantic Union Bankshares

In related news, Director Frank Russell Ellett bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $31.54 per share, with a total value of $157,700.00. Following the completion of the transaction, the director owned 76,606 shares of the company’s stock, valued at approximately $2,416,153.24. The trade was a 6.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John C. Asbury bought 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $32.91 per share, for a total transaction of $246,825.00. Following the completion of the transaction, the chief executive officer directly owned 270,532 shares of the company’s stock, valued at approximately $8,903,208.12. The trade was a 2.85% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 18,941 shares of company stock valued at $606,502 over the last quarter. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Atlantic Union Bankshares

Several hedge funds have recently modified their holdings of AUB. SG Americas Securities LLC acquired a new stake in shares of Atlantic Union Bankshares in the first quarter worth approximately $310,000. Wealth Enhancement Advisory Services LLC grew its position in Atlantic Union Bankshares by 3.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,130 shares of the company’s stock valued at $596,000 after acquiring an additional 614 shares during the period. ORG Wealth Partners LLC purchased a new stake in Atlantic Union Bankshares during the first quarter valued at about $100,000. Oppenheimer Asset Management Inc. grew its position in Atlantic Union Bankshares by 1.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 30,755 shares of the company’s stock valued at $958,000 after acquiring an additional 575 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in Atlantic Union Bankshares during the first quarter valued at about $196,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Up 3.1%

AUB opened at $33.95 on Friday. 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 business has a 50 day simple moving average of $35.06 and a 200-day simple moving average of $31.69. The stock has a market capitalization of $4.84 billion, a P/E ratio of 14.82 and a beta of 0.87. Atlantic Union Bankshares has a 12 month low of $22.85 and a 12 month high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.15. The firm had revenue of $377.22 million during the quarter, compared to analysts’ expectations of $369.70 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.Atlantic Union Bankshares’s revenue was up 92.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts anticipate that Atlantic Union Bankshares will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, August 4th. Atlantic Union Bankshares’s dividend payout ratio is presently 66.02%.

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.