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

Shares of Atlantic Union Bankshares Co. (NYSE:AUBGet 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

Several institutional investors and hedge funds have recently modified their holdings of AUB. Dimensional Fund Advisors LP boosted its stake in shares of Atlantic Union Bankshares by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,635,464 shares of the company’s stock valued at $272,883,000 after purchasing an additional 102,821 shares in the last quarter. State Street Corp raised its stake in Atlantic Union Bankshares by 24.5% in the second quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after buying an additional 1,457,647 shares in the last quarter. North Reef Capital Management LP lifted its holdings in Atlantic Union Bankshares by 23.1% in the fourth quarter. North Reef Capital Management LP now owns 4,572,090 shares of the company’s stock worth $161,395,000 after buying an additional 858,486 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in Atlantic Union Bankshares during the 4th quarter valued at approximately $87,022,000. Finally, Goldman Sachs Group Inc. boosted its position in 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 acquiring an additional 565,564 shares in the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

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:AUBGet 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

(Get Free Report)

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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Analyst Recommendations for Atlantic Union Bankshares (NYSE:AUB)

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