Stephens Boosts Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $45.00

Atlantic Union Bankshares (NASDAQ:AUB) had its price target hoisted by Stephens from $43.00 to $45.00 in a research report issued on Monday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ target price suggests a potential upside of 14.31% from the company’s previous close.

A number of other equities research analysts also recently weighed in on AUB. Piper Sandler decreased their price objective on Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating on the stock in a report on Friday, October 24th. Janney Montgomery Scott started coverage on Atlantic Union Bankshares in a research report on Wednesday, October 8th. They issued a “buy” rating and a $42.00 price target on the stock. Raymond James Financial set a $45.00 price objective on Atlantic Union Bankshares in a report on Thursday, December 11th. Morgan Stanley increased their target price on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 11th. Finally, TD Cowen restated a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.95.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $39.37 on Monday. The company’s fifty day moving average is $36.10 and its two-hundred day moving average is $34.73. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 17.19 and a beta of 0.83. 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 has a 52-week low of $22.85 and a 52-week high of $40.71.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. The business had revenue of $391.33 million for the quarter, compared to analysts’ expectations of $378.95 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same period in the previous year, the business posted $0.67 earnings per share. Equities research analysts forecast that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Institutional Trading of Atlantic Union Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in Atlantic Union Bankshares by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after purchasing an additional 390 shares in the last quarter. Curio Wealth LLC bought a new position in shares of Atlantic Union Bankshares in the second quarter valued at approximately $28,000. Farther Finance Advisors LLC grew its holdings in shares of Atlantic Union Bankshares by 309.5% in the third quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock valued at $30,000 after acquiring an additional 653 shares in the last quarter. Huntington National Bank increased its position in shares of Atlantic Union Bankshares by 71.7% during the second quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after acquiring an additional 542 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Atlantic Union Bankshares by 64.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock worth $48,000 after acquiring an additional 603 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, 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.