Atlantic Union Bankshares Co. (NYSE:AUB) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Atlantic Union Bankshares Co. (NYSE:AUB) have received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $45.80.

Several equities analysts have recently issued reports on AUB shares. TD Cowen reduced their target price on Atlantic Union Bankshares from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Weiss Ratings upgraded Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Piper Sandler dropped their price target on Atlantic Union Bankshares from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Finally, Morgan Stanley lifted their price target on shares of Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 28th.

Insider Buying and Selling

In other Atlantic Union Bankshares news, EVP Matthew L. Linderman sold 7,746 shares of the company’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $40.00, for a total value of $309,840.00. Following the completion of the transaction, the executive vice president directly owned 10,455 shares in the company, valued at approximately $418,200. This represents a 42.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Atlantic Union Bankshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter valued at about $51,000. EverSource Wealth Advisors LLC increased its position in shares of Atlantic Union Bankshares by 25.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock valued at $55,000 after buying an additional 318 shares during the period. Farther Finance Advisors LLC increased its position in shares of Atlantic Union Bankshares by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock valued at $71,000 after buying an additional 366 shares during the period. CoreCap Advisors LLC raised its stake in Atlantic Union Bankshares by 15.9% in the third quarter. CoreCap Advisors LLC now owns 2,660 shares of the company’s stock worth $101,000 after buying an additional 365 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in Atlantic Union Bankshares in the first quarter worth about $104,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Trading Down 0.8%

Atlantic Union Bankshares stock opened at $39.43 on Wednesday. The firm has a 50-day moving average of $39.31 and a 200-day moving average of $39.02. The firm has a market cap of $5.63 billion, a P/E ratio of 10.77 and a beta of 0.80. Atlantic Union Bankshares has a 1-year low of $30.87 and a 1-year high of $43.62.

Atlantic Union Bankshares (NYSE:AUB) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The business had revenue of $387.90 million during the quarter, compared to analysts’ expectations of $392.72 million. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. Research analysts forecast that Atlantic Union Bankshares will post 3.77 earnings per share for the current fiscal year.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.