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

Shares of Atlantic Union Bankshares Co. (NYSE:AUB) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $45.5714.

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

Atlantic Union Bankshares Stock Down 0.0%

Shares of NYSE AUB opened at $40.89 on Tuesday. The stock has a market capitalization of $5.84 billion, a P/E ratio of 12.21 and a beta of 0.78. Atlantic Union Bankshares has a one year low of $30.87 and a one year high of $43.62. The firm’s 50 day simple moving average is $41.89 and its two-hundred day simple moving average is $39.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.

Atlantic Union Bankshares (NYSE:AUB) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The firm had revenue of $387.57 million during the quarter, compared to analyst estimates of $389.06 million. During the same period in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts expect that Atlantic Union Bankshares will post 3.76 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.37 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.48 annualized dividend and a yield of 3.6%. Atlantic Union Bankshares’s payout ratio is presently 44.18%.

Institutional Trading of Atlantic Union Bankshares

A number of institutional investors have recently made changes to their positions in AUB. IFP Advisors Inc increased its stake in shares of Atlantic Union Bankshares by 362.5% in the fourth 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 purchased a new stake in Atlantic Union Bankshares during the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC grew its holdings in 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 acquiring an additional 1,287 shares during the last quarter. Nykredit A S bought a new stake in Atlantic Union Bankshares in the 2nd quarter worth $51,000. Finally, Johnson Financial Group Inc. bought a new stake in Atlantic Union Bankshares in the 3rd quarter worth $77,000. Hedge funds and other 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.