Atlantic Union Bankshares Co. (NYSE:AUB) Given Average Recommendation of “Moderate Buy” by Brokerages

Atlantic Union Bankshares Co. (NYSE:AUB) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.6250.

Several equities analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Weiss Ratings initiated coverage on shares of Atlantic Union Bankshares in a research note on Monday, July 6th. They issued a “buy (b-)” rating for the company. TD Cowen boosted their price objective 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. Zacks Research downgraded shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Stephens restated an “overweight” rating and issued a $46.00 target price on shares of Atlantic Union Bankshares in a report on Thursday, June 11th.

Hedge Funds Weigh In On Atlantic Union Bankshares

Institutional investors and hedge funds have recently modified their holdings of the company. Beacon Investment Advisors LLC raised its holdings in shares of Atlantic Union Bankshares by 0.7% in the fourth quarter. Beacon Investment Advisors LLC now owns 34,442 shares of the company’s stock worth $1,216,000 after acquiring an additional 249 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 25.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock valued at $55,000 after acquiring an additional 318 shares in the last quarter. Walleye Capital LLC boosted its stake in shares of Atlantic Union Bankshares by 1.5% during the second quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock valued at $688,000 after acquiring an additional 322 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Atlantic Union Bankshares by 1.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 20,835 shares of the company’s stock valued at $735,000 after acquiring an additional 347 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in Atlantic Union Bankshares by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 13,399 shares of the company’s stock worth $473,000 after purchasing an additional 468 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Down 0.0%

AUB stock opened at $42.64 on Monday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 18.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.92. Atlantic Union Bankshares has a 1-year low of $30.39 and a 1-year high of $43.62. The business has a fifty day moving average price of $39.46 and a 200-day moving average price of $38.26.

Atlantic Union Bankshares (NYSE:AUB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a net margin of 15.50% and a return on equity of 10.74%. The business had revenue of $371.71 million for the quarter, compared to analysts’ expectations of $391.24 million. During the same period last year, the business earned $0.90 earnings per share. Equities analysts forecast that Atlantic Union Bankshares will post 3.74 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.37 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. 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.