Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $43.6250.

AUB has been the topic of a number of recent analyst reports. Piper Sandler cut their price objective on shares of Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research cut shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. TD Cowen lifted their price objective on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Morgan Stanley lifted their price objective 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.

Insider Buying and Selling at Atlantic Union Bankshares

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

Institutional Trading of Atlantic Union Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of AUB. IFP Advisors Inc raised its stake in shares of Atlantic Union Bankshares by 362.5% in the 4th quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $26,000 after buying an additional 580 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Atlantic Union Bankshares by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after buying an additional 390 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth $39,000. EverSource Wealth Advisors LLC raised its stake in shares of Atlantic Union Bankshares by 504.7% in 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 in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Atlantic Union Bankshares in the 3rd quarter worth $50,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Up 0.6%

Shares of Atlantic Union Bankshares stock opened at $38.00 on Friday. The business’s fifty day moving average price is $37.29 and its two-hundred day moving average price is $36.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $5.44 billion, a P/E ratio of 16.59 and a beta of 0.80. Atlantic Union Bankshares has a 1-year low of $29.64 and a 1-year high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $371.71 million for the quarter, compared to the consensus estimate of $391.24 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period in the previous year, the firm earned $0.90 EPS. As a group, research analysts forecast that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, May 22nd. Atlantic Union Bankshares’s payout ratio is currently 62.71%.

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.