Atlantic Union Bankshares Co. (NYSE:AUB – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $45.80.
Several analysts have recently issued reports on AUB shares. Piper Sandler decreased their target price on shares of Atlantic Union Bankshares from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. TD Cowen dropped their price target on Atlantic Union Bankshares from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Morgan Stanley boosted their price objective on Atlantic Union Bankshares from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, September 28th. Finally, Weiss Ratings upgraded Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th.
View Our Latest Stock Report on AUB
Insider Activity at Atlantic Union Bankshares
In related news, Director Ronald Tillett sold 4,500 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $40.01, for a total transaction of $180,045.00. Following the sale, the director owned 30,364 shares in the company, valued at approximately $1,214,863.64. This represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew L. Linderman sold 7,746 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $40.00, for a total value of $309,840.00. Following the completion of the sale, the executive vice president owned 10,455 shares of the company’s stock, valued at approximately $418,200. This represents a 42.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.96% of the company’s stock.
Institutional Investors Weigh In On Atlantic Union Bankshares
Hedge funds and other institutional investors have recently made changes to their positions in the company. StoneX Group Inc. purchased a new stake in Atlantic Union Bankshares in the 3rd quarter worth about $1,916,000. Pictet Asset Management Holding SA boosted its position in shares of Atlantic Union Bankshares by 2.0% during the third quarter. Pictet Asset Management Holding SA now owns 22,720 shares of the company’s stock valued at $862,000 after buying an additional 456 shares during the period. Heritage Family Offices LLP purchased a new position in shares of Atlantic Union Bankshares during the third quarter valued at approximately $58,000. Kestra Advisory Services LLC boosted its position in shares of Atlantic Union Bankshares by 1.7% during the third quarter. Kestra Advisory Services LLC now owns 101,683 shares of the company’s stock valued at $3,859,000 after buying an additional 1,711 shares during the period. Finally, Covestor Ltd grew its stake in shares of Atlantic Union Bankshares by 86.9% during the third quarter. Covestor Ltd now owns 1,976 shares of the company’s stock valued at $75,000 after buying an additional 919 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.
Atlantic Union Bankshares Trading Down 2.1%
Shares of AUB opened at $39.55 on Wednesday. The stock has a market capitalization of $5.65 billion, a PE ratio of 10.81 and a beta of 0.83. The company’s fifty day moving average is $39.14 and its 200 day moving average is $39.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.94 and a current ratio of 0.94. Atlantic Union Bankshares has a fifty-two week low of $30.87 and a fifty-two week high of $43.62.
Atlantic Union Bankshares (NYSE:AUB – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. Atlantic Union Bankshares had a net margin of 23.97% and a return on equity of 10.79%. The business had revenue of $387.90 million during the quarter, compared to analyst estimates of $392.72 million. During the same quarter last year, the business earned $0.84 earnings per share. Atlantic Union Bankshares’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Atlantic Union Bankshares will post 3.77 earnings per share for the current fiscal year.
Atlantic Union Bankshares Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.40 dividend. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, November 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.0%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 40.44%.
About Atlantic Union Bankshares
Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.
The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.
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