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

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $43.6250.

AUB has been the topic of several analyst reports. Zacks Research downgraded Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. TD Cowen lifted their price target on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Piper Sandler lowered their price target on shares of Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Morgan Stanley lifted their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Nancy H. Agee acquired 650 shares of the stock in a transaction dated Monday, April 20th. The shares were acquired at an average cost of $39.05 per share, for a total transaction of $25,382.50. Following the completion of the transaction, the director directly owned 37,797 shares of the company’s stock, valued at approximately $1,475,972.85. The trade was a 1.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atlantic Union Bankshares

Large investors have recently made changes to their positions in the business. IFP Advisors Inc lifted its position 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 valued at $26,000 after acquiring an additional 580 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Atlantic Union Bankshares by 100.0% in the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after acquiring an additional 390 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at about $39,000. Abich Financial Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares in the third quarter worth $50,000. Finally, 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 worth $48,000 after buying an additional 1,287 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Performance

AUB opened at $37.62 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 16.43 and a beta of 0.80. The company’s 50 day moving average is $37.03 and its 200 day moving average is $36.81. Atlantic Union Bankshares has a 12-month low of $29.35 and a 12-month high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $371.71 million for the quarter, compared to analysts’ expectations of $391.24 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same quarter last year, the firm posted $0.90 earnings per share. On average, equities research analysts predict that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.48 annualized dividend and a yield of 3.9%. Atlantic Union Bankshares’s payout ratio is currently 62.71%.

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.