Shares of Atlantic Union Bankshares Co. (NYSE:AUB – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $45.5714.
A number of brokerages recently issued reports on AUB. Piper Sandler restated an “overweight” rating and set a $47.00 price target on shares of Atlantic Union Bankshares in a report on Wednesday, July 22nd. Stephens reiterated an “overweight” rating and issued a $46.00 price objective on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th. Weiss Ratings raised Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Morgan Stanley boosted their target price on Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Finally, TD Cowen upped their target price on Atlantic Union Bankshares from $46.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd.
Read Our Latest Analysis on Atlantic Union Bankshares
Institutional Investors Weigh In On Atlantic Union Bankshares
Atlantic Union Bankshares Price Performance
Shares of Atlantic Union Bankshares stock opened at $42.69 on Friday. The company’s fifty day simple moving average is $41.44 and its two-hundred day simple moving average is $38.95. Atlantic Union Bankshares has a 12-month low of $30.87 and a 12-month high of $43.62. The firm has a market cap of $6.10 billion, a PE ratio of 12.74 and a beta of 0.79. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15.
Atlantic Union Bankshares (NYSE:AUB – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. The firm had revenue of $387.57 million during the quarter, compared to the consensus estimate of $389.06 million. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, equities analysts expect that Atlantic Union Bankshares will post 3.76 EPS for the current year.
Atlantic Union Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 7th. Atlantic Union Bankshares’s payout ratio is presently 44.18%.
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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