Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives Average Rating of “Moderate Buy” from Analysts

Atlantic Union Bankshares Co. (NASDAQ:AUB) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $43.6250.

A number of equities research analysts recently commented on the company. Morgan Stanley boosted their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. TD Cowen boosted their target price on Atlantic Union Bankshares from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Piper Sandler decreased their target price on Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Zacks Research downgraded shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Nancy H. Agee purchased 650 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were bought at an average price of $39.05 per share, with a total value of $25,382.50. Following the completion of the purchase, the director directly owned 37,797 shares in the company, valued at $1,475,972.85. This trade represents a 1.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in Atlantic Union Bankshares by 362.5% during the fourth quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $26,000 after purchasing an additional 580 shares during the period. Westside Investment Management Inc. raised its position in Atlantic Union Bankshares by 100.0% during 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. Commonwealth Retirement Investments LLC purchased a new stake in Atlantic Union Bankshares during the fourth quarter valued at approximately $39,000. Abich Financial Wealth Management LLC purchased a new stake in Atlantic Union Bankshares during the third quarter valued at approximately $50,000. Finally, EverSource Wealth Advisors LLC raised its position in Atlantic Union Bankshares by 504.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after purchasing an additional 1,287 shares during the period. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Price Performance

AUB stock opened at $37.62 on Friday. Atlantic Union Bankshares has a one year low of $29.35 and a one year high of $42.18. The company’s fifty day moving average price is $37.03 and its 200-day moving average price is $36.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $5.38 billion, a PE ratio of 16.43 and a beta of 0.80.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $371.71 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.90 earnings per share. On average, equities analysts anticipate that Atlantic Union Bankshares will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.9%. Atlantic Union Bankshares’s dividend payout ratio is presently 62.71%.

Atlantic Union Bankshares Company Profile

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.