Stephens Forecasts Strong Price Appreciation for Atlantic Union Bankshares (NASDAQ:AUB) Stock

Atlantic Union Bankshares (NASDAQ:AUB) had its target price raised by research analysts at Stephens from $43.00 to $45.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ target price suggests a potential upside of 16.32% from the company’s previous close.

AUB has been the topic of a number of other research reports. Morgan Stanley raised their price target on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, December 11th. Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Janney Montgomery Scott started coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, October 8th. They issued a “buy” rating and a $42.00 target price for the company. TD Cowen reissued a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, Piper Sandler dropped their price target on Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.95.

Atlantic Union Bankshares Stock Down 0.5%

Shares of AUB traded down $0.18 on Monday, hitting $38.69. 40,219 shares of the stock traded hands, compared to its average volume of 1,142,939. The company has a market capitalization of $5.51 billion, a PE ratio of 16.83 and a beta of 0.83. Atlantic Union Bankshares has a one year low of $22.85 and a one year high of $40.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day simple moving average of $35.79 and a 200 day simple moving average of $34.65.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results 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. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $391.33 million for the quarter, compared to the consensus estimate of $378.95 million. During the same period in the prior year, the company posted $0.67 earnings per share. As a group, equities analysts forecast that Atlantic Union Bankshares will post 3.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlantic Union Bankshares

Several institutional investors have recently made changes to their positions in AUB. Janney Montgomery Scott LLC raised its holdings in shares of Atlantic Union Bankshares by 55.1% in the second quarter. Janney Montgomery Scott LLC now owns 60,541 shares of the company’s stock worth $1,894,000 after acquiring an additional 21,513 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of Atlantic Union Bankshares during the second quarter valued at approximately $1,447,000. Verity & Verity LLC boosted its position in Atlantic Union Bankshares by 29.6% in the 3rd quarter. Verity & Verity LLC now owns 504,420 shares of the company’s stock valued at $17,801,000 after buying an additional 115,245 shares during the last quarter. Truist Financial Corp grew its stake in Atlantic Union Bankshares by 39.7% during the 2nd quarter. Truist Financial Corp now owns 163,157 shares of the company’s stock valued at $5,104,000 after purchasing an additional 46,353 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Atlantic Union Bankshares by 731.9% in the 2nd quarter. Signaturefd LLC now owns 3,577 shares of the company’s stock valued at $112,000 after purchasing an additional 3,147 shares in the last quarter. 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.