Atlantic Union Bankshares Co. (NYSE:AUB) Stock Has Consensus Price Target of $46.33

Shares of Atlantic Union Bankshares Co. (NYSE:AUB) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $45.67.

AUB has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $47.00 price target on shares of Atlantic Union Bankshares in a research report on Wednesday, July 22nd. Stephens reaffirmed an “overweight” rating and set a $46.00 price objective on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. TD Cowen decreased their price objective on Atlantic Union Bankshares from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley lifted their target price on Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, September 28th. Finally, Weiss Ratings lowered Atlantic Union Bankshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 17th.

Hedge Funds Weigh In On Atlantic Union Bankshares

A number of large investors have recently bought and sold shares of AUB. Aristotle Capital Boston LLC acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter valued at approximately $22,169,000. Bank of America Corp DE grew its holdings in shares of Atlantic Union Bankshares by 53.4% in the 1st quarter. Bank of America Corp DE now owns 886,978 shares of the company’s stock worth $31,701,000 after acquiring an additional 308,934 shares during the period. Principal Financial Group Inc. increased its stake in Atlantic Union Bankshares by 40.1% in the 1st quarter. Principal Financial Group Inc. now owns 951,373 shares of the company’s stock valued at $34,002,000 after purchasing an additional 272,119 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in Atlantic Union Bankshares by 36.8% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 829,469 shares of the company’s stock valued at $29,645,000 after purchasing an additional 223,210 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Atlantic Union Bankshares by 20.8% during the second quarter. Wellington Management Group LLP now owns 721,211 shares of the company’s stock worth $30,514,000 after purchasing an additional 124,135 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 1.1%

Shares of NYSE:AUB opened at $38.38 on Friday. The stock has a market cap of $5.48 billion, a P/E ratio of 11.46 and a beta of 0.80. The firm has a fifty day moving average price of $40.60 and a 200 day moving average price of $39.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. Atlantic Union Bankshares has a 1-year low of $30.87 and a 1-year high of $43.62.

Atlantic Union Bankshares (NYSE:AUB) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The company had revenue of $387.57 million for the quarter, compared to the consensus estimate of $389.06 million. During the same period last year, the firm posted $0.95 EPS. Atlantic Union Bankshares’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts predict that Atlantic Union Bankshares will post 3.76 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, August 7th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 44.18%.

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, families, businesses and institutions.

The bank offers deposit accounts, residential and commercial lending, mortgages, credit cards, cash management, treasury services and online and mobile banking. Through its wealth management and investment services, it also provides financial planning, trust, brokerage and portfolio management solutions.

Atlantic Union Bank serves customers through a network of branches and digital channels across Virginia, Maryland and North Carolina, with a focus on the Mid-Atlantic region.