Atlantic Union Bankshares Co. (NASDAQ:AUB) Given Consensus Rating of “Moderate Buy” by Brokerages

Atlantic Union Bankshares Co. (NASDAQ:AUB) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.6250.

AUB has been the subject of a number of research reports. Zacks Research cut shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. TD Cowen upped their target price 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. Piper Sandler cut their price target on shares of Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Morgan Stanley increased their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd.

Insider Transactions at Atlantic Union Bankshares

In other news, Director Nancy H. Agee purchased 650 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was purchased at an average cost of $39.05 per share, with a total value of $25,382.50. Following the completion of the acquisition, the director directly owned 37,797 shares of the company’s stock, valued at approximately $1,475,972.85. This trade represents a 1.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AUB. 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 raised its holdings in Atlantic Union Bankshares by 6,808.0% during the fourth quarter. SG Americas Securities LLC now owns 1,532,473 shares of the company’s stock worth $54,096,000 after purchasing an additional 1,510,289 shares in the last quarter. State Street Corp raised its holdings in Atlantic Union Bankshares by 24.5% during the second quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after purchasing an additional 1,457,647 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Atlantic Union Bankshares by 1,128.0% during the third quarter. Thrivent Financial for Lutherans now owns 1,398,654 shares of the company’s stock worth $49,358,000 after purchasing an additional 1,284,759 shares in the last quarter. Finally, North Reef Capital Management LP grew its position in Atlantic Union Bankshares by 35.0% during the third 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 period. 78.58% of the stock is owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $37.80 on Friday. The company has a 50-day simple moving average of $37.24 and a 200-day simple moving average of $36.96. Atlantic Union Bankshares has a one year low of $29.44 and a one year high of $42.18. 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 stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 16.51 and a beta of 0.80.

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). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The business had revenue of $371.71 million during the quarter, compared to analysts’ expectations of $391.24 million. During the same period in the previous year, the company posted $0.90 earnings per share. On average, analysts predict that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 22nd. Atlantic Union Bankshares’s dividend 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.