Keefe, Bruyette & Woods Issues Pessimistic Forecast for Atlantic Union Bankshares (NASDAQ:AUB) Stock Price

Atlantic Union Bankshares (NASDAQ:AUB) had its price objective decreased by Keefe, Bruyette & Woods from $46.00 to $44.00 in a research report sent to investors on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

AUB has been the subject of several other research reports. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price target for the company. Raymond James decreased their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Finally, Hovde Group cut their price target on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.40.

Atlantic Union Bankshares Stock Performance

Atlantic Union Bankshares stock opened at $37.47 on Thursday. The stock’s 50 day moving average is $39.08 and its 200 day moving average is $38.75. The company has a market capitalization of $3.36 billion, a P/E ratio of 16.36 and a beta of 0.93. Atlantic Union Bankshares has a twelve month low of $30.43 and a twelve month high of $44.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Atlantic Union Bankshares

A number of large investors have recently added to or reduced their stakes in AUB. Algert Global LLC purchased a new stake in shares of Atlantic Union Bankshares during the 2nd quarter valued at about $296,000. Dana Investment Advisors Inc. increased its holdings in Atlantic Union Bankshares by 8.2% during the second quarter. Dana Investment Advisors Inc. now owns 43,179 shares of the company’s stock valued at $1,418,000 after buying an additional 3,279 shares during the last quarter. Handelsbanken Fonder AB raised its position in Atlantic Union Bankshares by 25.1% in the third quarter. Handelsbanken Fonder AB now owns 20,416 shares of the company’s stock worth $769,000 after acquiring an additional 4,100 shares during the period. GAMMA Investing LLC boosted its stake in shares of Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after acquiring an additional 489 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares during the period. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Company Profile

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.