Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives $40.61 Consensus Price Target from Analysts

by · The Cerbat Gem

Atlantic Union Bankshares Co. (NASDAQ:AUB – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.6111.

Several research firms have recently weighed in on AUB. TD Cowen raised their price target on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a report on Thursday. Morgan Stanley boosted their target price on Atlantic Union Bankshares from $41.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday. Piper Sandler cut their price target on Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating for the company in a report on Friday, October 24th. Finally, Cowen reissued a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday.

Read Our Latest Research Report on AUB

Hedge Funds Weigh In On Atlantic Union Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tritonpoint Wealth LLC increased its holdings in shares of Atlantic Union Bankshares by 1.8% during the 3rd quarter. Tritonpoint Wealth LLC now owns 17,522 shares of the company’s stock worth $618,000 after buying an additional 317 shares during the last quarter. Walleye Capital LLC grew its position in Atlantic Union Bankshares by 1.5% in the second quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock worth $688,000 after acquiring an additional 322 shares during the period. Benson Investment Management Company Inc. increased its stake in Atlantic Union Bankshares by 0.3% during the third quarter. Benson Investment Management Company Inc. now owns 107,665 shares of the company’s stock worth $3,799,000 after acquiring an additional 355 shares during the last quarter. Accordant Advisory Group Inc raised its position in Atlantic Union Bankshares by 1.0% in the third quarter. Accordant Advisory Group Inc now owns 36,245 shares of the company’s stock valued at $1,279,000 after purchasing an additional 364 shares during the period. Finally, Westside Investment Management Inc. raised its position in Atlantic Union Bankshares by 100.0% in the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after purchasing an additional 390 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $36.66 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 stock’s 50 day simple moving average is $33.80 and its 200-day simple moving average is $33.33. The company has a market cap of $5.22 billion, a PE ratio of 16.01 and a beta of 0.85. Atlantic Union Bankshares has a 1-year low of $22.85 and a 1-year high of $41.87.

Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $319.21 million during the quarter, compared to analysts’ expectations of $377.92 million. During the same quarter in the previous year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 69.8% on a year-over-year basis. As a group, equities research analysts anticipate that Atlantic Union Bankshares will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a $0.37 dividend. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, November 14th. Atlantic Union Bankshares’s payout ratio is currently 79.14%.

About Atlantic Union Bankshares

(Get Free Report)

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.

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