Atlantic Union Bankshares (NASDAQ:AUB) Given New $40.00 Price Target at Stephens

Atlantic Union Bankshares (NASDAQ:AUB) had its price objective reduced by Stephens from $43.00 to $40.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Raymond James lifted their price target on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an outperform rating in a report on Friday, January 5th.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $33.18 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. Atlantic Union Bankshares has a 1-year low of $23.32 and a 1-year high of $37.86. The company has a market capitalization of $2.50 billion, a P/E ratio of 11.07 and a beta of 0.94. The firm’s 50 day simple moving average is $33.63 and its two-hundred day simple moving average is $33.14.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The firm had revenue of $288.47 million for the quarter, compared to analysts’ expectations of $178.82 million. During the same period in the prior year, the firm earned $0.63 EPS. Research analysts expect that Atlantic Union Bankshares will post 3.24 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Thursday, February 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 47.06%.

Insider Transactions at Atlantic Union Bankshares

In related news, Director Donald R. Kimble bought 7,000 shares of the stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $35.13 per share, with a total value of $245,910.00. Following the completion of the acquisition, the director now owns 7,582 shares of the company’s stock, valued at $266,355.66. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Atlantic Union Bankshares

Large investors have recently bought and sold shares of the business. Mather Group LLC. bought a new stake in Atlantic Union Bankshares in the first quarter worth $27,000. Strs Ohio bought a new position in Atlantic Union Bankshares during the fourth quarter valued at $29,000. Covestor Ltd increased its position in Atlantic Union Bankshares by 95.0% during the third quarter. Covestor Ltd now owns 1,053 shares of the company’s stock valued at $30,000 after acquiring an additional 513 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Atlantic Union Bankshares by 556.9% during the third quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company’s stock valued at $36,000 after acquiring an additional 1,164 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its position in Atlantic Union Bankshares by 386,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock valued at $141,000 after acquiring an additional 3,861 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.

About Atlantic Union Bankshares

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.