Atlantic Union Bankshares (NASDAQ:AUB) Price Target Cut to $38.00 by Analysts at Piper Sandler

Atlantic Union Bankshares (NASDAQ:AUB) had its price target lowered by Piper Sandler from $40.00 to $38.00 in a research report released on Monday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a market perform rating on the stock in a research report on Wednesday, April 24th. Stephens dropped their target price on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an overweight rating for the company in a report on Wednesday, April 24th. Finally, Raymond James upped 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

Atlantic Union Bankshares stock opened at $32.64 on Monday. The business has a 50 day simple moving average of $33.53 and a 200-day simple moving average of $33.23. Atlantic Union Bankshares has a 12 month low of $23.32 and a 12 month high of $37.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $2.46 billion, a PE ratio of 10.87 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, April 23rd. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.04). The firm had revenue of $288.47 million during the quarter, compared to analyst estimates of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same quarter last year, the business posted $0.63 EPS. Equities analysts predict that Atlantic Union Bankshares will post 3.17 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Donald R. Kimble bought 7,000 shares of Atlantic Union Bankshares stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the acquisition, the director now owns 7,582 shares in the company, valued at $266,355.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Mather Group LLC. acquired a new stake in shares of Atlantic Union Bankshares in the first quarter worth approximately $27,000. Strs Ohio acquired a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at $29,000. Covestor Ltd grew its stake in shares of Atlantic Union Bankshares by 95.0% during the 3rd quarter. Covestor Ltd now owns 1,053 shares of the company’s stock valued at $30,000 after buying an additional 513 shares during the period. TFO Wealth Partners LLC increased its holdings in shares of Atlantic Union Bankshares by 386,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock worth $141,000 after buying an additional 3,861 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Atlantic Union Bankshares by 194.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock worth $151,000 after buying an additional 2,720 shares during the period. Hedge funds and other 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.