Brokerages Set Atlantic Union Bankshares Co. (NYSE:AUB) PT at $45.57

Atlantic Union Bankshares Co. (NYSE:AUB) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $45.5714.

A number of equities research analysts have recently issued reports on AUB shares. TD Cowen boosted their target price on Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Piper Sandler reiterated an “overweight” rating and issued a $47.00 price target on shares of Atlantic Union Bankshares in a research report on Wednesday, July 22nd. Morgan Stanley lifted their price target on Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Stephens restated an “overweight” rating and set a $46.00 price objective on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Finally, Weiss Ratings raised shares of Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its position in 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 purchasing an additional 580 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 504.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after purchasing an additional 1,287 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Atlantic Union Bankshares by 138.9% in the fourth 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. acquired a new stake in shares of Atlantic Union Bankshares in the third quarter worth $77,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 0.9%

Atlantic Union Bankshares stock opened at $40.99 on Friday. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 12.24 and a beta of 0.79. Atlantic Union Bankshares has a 1 year low of $30.87 and a 1 year high of $43.62. The firm’s 50 day moving average price is $41.78 and its two-hundred day moving average price is $39.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

Atlantic Union Bankshares (NYSE:AUB) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $387.57 million during the quarter, compared to the consensus estimate of $389.06 million. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, research analysts predict that Atlantic Union Bankshares will post 3.76 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, August 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.6%. Atlantic Union Bankshares’s payout ratio is currently 44.18%.

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.