Atlantic Union Bankshares Co. (NASDAQ:AUB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Atlantic Union Bankshares Co. (NASDAQ:AUB) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.8750.

A number of brokerages have commented on AUB. Piper Sandler raised their price objective on Atlantic Union Bankshares from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Morgan Stanley raised their price objective 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 raised their price objective 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. Stephens reiterated an “overweight” rating and issued a $46.00 price objective on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th. Finally, Zacks Research downgraded Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st.

Atlantic Union Bankshares Stock Performance

AUB opened at $40.75 on Thursday. The firm has a market capitalization of $5.83 billion, a P/E ratio of 17.79 and a beta of 0.80. The stock’s 50 day moving average price is $38.04 and its two-hundred day moving average price is $37.55. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares has a 12-month low of $30.39 and a 12-month high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $371.71 million during the quarter, compared to the consensus estimate of $391.24 million. During the same quarter in the prior year, the business posted $0.90 EPS. On average, equities analysts forecast that Atlantic Union Bankshares will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, May 22nd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 62.71%.

Insider Activity at Atlantic Union Bankshares

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

Hedge Funds Weigh In On Atlantic Union Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Atlantic Union Bankshares by 362.5% during the 4th quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $26,000 after buying an additional 580 shares during the period. Commonwealth Retirement Investments LLC bought a new position in shares of Atlantic Union Bankshares during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 504.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock worth $48,000 after buying an additional 1,287 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 138.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock worth $73,000 after buying an additional 1,200 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Atlantic Union Bankshares during the 3rd quarter worth approximately $77,000. Institutional investors own 78.58% of the company’s stock.

About Atlantic Union Bankshares

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.