Atlantic Union Bankshares (NASDAQ:AUB) Receives Overweight Rating from Stephens

Atlantic Union Bankshares (NASDAQ:AUB)‘s stock had its “overweight” rating reiterated by stock analysts at Stephens in a research report issued on Thursday,Benzinga reports. They presently have a $46.00 price target on the stock. Stephens’ price objective suggests a potential upside of 17.27% from the company’s previous close.

Several other research analysts also recently commented on the company. Morgan Stanley increased their price objective on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Zacks Research cut shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 target price (up from $45.00) on shares of Atlantic Union Bankshares in a report on Thursday. Finally, TD Cowen increased their target price on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.88.

Atlantic Union Bankshares Trading Up 1.2%

AUB stock opened at $39.23 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares has a 12-month low of $29.64 and a 12-month high of $42.18. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 17.14 and a beta of 0.80. The business’s 50-day moving average is $37.50 and its 200 day moving average is $37.15.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $371.71 million for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.90 EPS. On average, sell-side analysts anticipate that Atlantic Union Bankshares will post 3.26 EPS for the current fiscal year.

Insider Activity at Atlantic Union Bankshares

In related news, Director Nancy H. Agee purchased 650 shares of Atlantic Union Bankshares stock in a transaction dated Monday, April 20th. The shares were acquired at an average price of $39.05 per share, for a total transaction of $25,382.50. Following the acquisition, the director directly owned 37,797 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. purchased a new position in Atlantic Union Bankshares during the fourth quarter worth about $87,022,000. SG Americas Securities LLC grew its stake in shares of Atlantic Union Bankshares by 6,808.0% in the 4th quarter. SG Americas Securities LLC now owns 1,532,473 shares of the company’s stock valued at $54,096,000 after buying an additional 1,510,289 shares during the period. State Street Corp grew its stake in shares of Atlantic Union Bankshares by 24.5% in the 2nd quarter. State Street Corp now owns 7,400,456 shares of the company’s stock valued at $231,486,000 after buying an additional 1,457,647 shares during the period. North Reef Capital Management LP increased its holdings in shares of Atlantic Union Bankshares by 35.0% during the 3rd quarter. North Reef Capital Management LP now owns 3,713,604 shares of the company’s stock worth $131,053,000 after buying an additional 963,604 shares during the last quarter. Finally, Aristotle Capital Boston LLC purchased a new stake in shares of Atlantic Union Bankshares during the 4th quarter valued at approximately $22,169,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

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.