Atlantic Union Bankshares Co. (NASDAQ:AUB) Given Consensus Rating of “Moderate Buy” by Analysts

Atlantic Union Bankshares Co. (NASDAQ:AUB) has been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $43.1667.

AUB has been the subject of a number of recent research reports. TD Cowen reissued a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Morgan Stanley lifted their price target on Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Zacks Research raised Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Stephens upped their price objective on Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Finally, Piper Sandler lifted their target price on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, February 5th.

Institutional Investors Weigh In On Atlantic Union Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of AUB. T. Rowe Price Investment Management Inc. bought a new position in Atlantic Union Bankshares in the 4th quarter valued at $87,022,000. Congress Asset Management Co. lifted its position in shares of Atlantic Union Bankshares by 1,022.6% during the third quarter. Congress Asset Management Co. now owns 1,877,188 shares of the company’s stock worth $66,246,000 after purchasing an additional 1,709,975 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Atlantic Union Bankshares by 96.8% during the second quarter. Franklin Resources Inc. now owns 3,313,002 shares of the company’s stock valued at $103,631,000 after purchasing an additional 1,629,591 shares during the period. SG Americas Securities LLC boosted its stake in shares of Atlantic Union Bankshares by 6,808.0% during the fourth quarter. SG Americas Securities LLC now owns 1,532,473 shares of the company’s stock valued at $54,096,000 after purchasing an additional 1,510,289 shares during the period. Finally, State Street Corp grew its holdings in shares of Atlantic Union Bankshares by 24.5% in the second quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after purchasing an additional 1,457,647 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $34.19 on Tuesday. The stock has a market capitalization of $4.87 billion, a PE ratio of 14.93 and a beta of 0.82. Atlantic Union Bankshares has a 1-year low of $22.85 and a 1-year high of $42.18. The business has a 50 day simple moving average of $38.42 and a two-hundred day simple moving average of $36.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $391.33 million during the quarter, compared to analyst estimates of $378.95 million. During the same period last year, the firm posted $0.67 earnings per share. On average, research analysts predict that Atlantic Union Bankshares will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s payout ratio is presently 72.55%.

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.