Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives $43.17 Average PT from Analysts

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $43.1667.

A number of equities research analysts have commented on AUB shares. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Piper Sandler increased their price objective on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Stephens increased their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Finally, Morgan Stanley raised their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd.

Atlantic Union Bankshares Stock Up 0.0%

Shares of NASDAQ:AUB opened at $38.03 on Friday. Atlantic Union Bankshares has a 12 month low of $24.01 and a 12 month high of $42.18. The company’s 50-day moving average price is $37.33 and its two-hundred day moving average price is $36.09. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.44 billion, a P/E ratio of 16.61 and a beta of 0.82.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. During the same quarter in the prior year, the firm earned $0.67 EPS. As a group, research analysts forecast that Atlantic Union Bankshares will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 72.55%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC boosted its stake in shares of Atlantic Union Bankshares by 1,292.0% in the 4th quarter. Hsbc Holdings PLC now owns 106,335 shares of the company’s stock valued at $3,752,000 after purchasing an additional 98,696 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Atlantic Union Bankshares by 724.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the company’s stock valued at $118,000 after purchasing an additional 2,927 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at about $87,022,000. Claris Financial LLC bought a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at about $210,000. Finally, Invesco Ltd. boosted its stake in shares of Atlantic Union Bankshares by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,107,336 shares of the company’s stock valued at $39,089,000 after purchasing an additional 10,299 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.

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.