Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) had its target price raised by equities research analysts at TD Cowen from $44.00 to $45.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 23.54% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Stephens raised their price target on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Morgan Stanley raised their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Finally, Piper Sandler decreased their target price on Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.89.
View Our Latest Stock Analysis on AUB
Atlantic Union Bankshares Stock Performance
Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The firm had revenue of $371.71 million for the quarter, compared to the consensus estimate of $391.24 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same quarter last year, the business earned $0.90 earnings per share. On average, equities analysts expect that Atlantic Union Bankshares will post 3.26 earnings per share for the current year.
Insider Transactions at Atlantic Union Bankshares
In related news, Director Nancy H. Agee acquired 650 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were acquired at an average price of $39.05 per share, for a total transaction of $25,382.50. Following the completion of the purchase, the director directly owned 37,797 shares of the company’s stock, valued at $1,475,972.85. The trade was a 1.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Atlantic Union Bankshares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Atlantic Union Bankshares by 634.3% during the first quarter. AQR Capital Management LLC now owns 41,902 shares of the company’s stock worth $1,305,000 after acquiring an additional 36,196 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Atlantic Union Bankshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company’s stock valued at $1,658,000 after purchasing an additional 2,322 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Atlantic Union Bankshares by 36.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock valued at $66,548,000 after purchasing an additional 565,564 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Atlantic Union Bankshares in the 1st quarter worth approximately $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Atlantic Union Bankshares by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company’s stock worth $7,766,000 after purchasing an additional 22,078 shares during the last quarter. 78.58% of the stock is owned by institutional investors.
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.
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