Keefe, Bruyette & Woods Cuts Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $35.00

Atlantic Union Bankshares (NASDAQ:AUB) had its target price lowered by Keefe, Bruyette & Woods from $36.00 to $35.00 in a report published on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research firms have also weighed in on AUB. Raymond James increased their price objective on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an outperform rating in a research report on Friday, January 5th. Stephens reduced their price objective on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an overweight rating on the stock in a research report on Wednesday.

Atlantic Union Bankshares Stock Down 0.6 %

Shares of NASDAQ:AUB opened at $32.27 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares has a 12 month low of $23.32 and a 12 month high of $37.86. The company has a 50-day moving average price of $33.55 and a 200 day moving average price of $33.16. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 11.86 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The business had revenue of $288.47 million during the quarter, compared to the consensus estimate of $178.82 million. During the same period in the previous year, the business posted $0.63 EPS. As a group, equities research analysts predict that Atlantic Union Bankshares will post 3.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Donald R. Kimble bought 7,000 shares of Atlantic Union Bankshares stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $35.13 per share, with a total value of $245,910.00. Following the completion of the transaction, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atlantic Union Bankshares

A number of institutional investors have recently modified their holdings of AUB. Mather Group LLC. purchased a new position in shares of Atlantic Union Bankshares during the first quarter worth approximately $27,000. Strs Ohio purchased a new position in shares of Atlantic Union Bankshares during the fourth quarter worth approximately $29,000. Covestor Ltd increased its position in shares of Atlantic Union Bankshares by 95.0% during the third quarter. Covestor Ltd now owns 1,053 shares of the company’s stock worth $30,000 after acquiring an additional 513 shares during the period. Ronald Blue Trust Inc. increased its position in shares of Atlantic Union Bankshares by 556.9% during the third quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company’s stock worth $36,000 after acquiring an additional 1,164 shares during the period. Finally, TFO Wealth Partners LLC increased its position in shares of Atlantic Union Bankshares by 386,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock worth $141,000 after acquiring an additional 3,861 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.

About Atlantic Union Bankshares

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.