Atlantic Union Bankshares Co. (NYSE:AUB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Atlantic Union Bankshares Co. (NYSE:AUB) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $46.1429.

A number of research analysts recently commented on the company. Morgan Stanley restated a “reduce” rating and issued a $49.00 price target on shares of Atlantic Union Bankshares in a research report on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $47.00 price objective on shares of Atlantic Union Bankshares in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. TD Cowen raised their target price on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Stephens restated an “overweight” rating and issued a $46.00 target price on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th.

Atlantic Union Bankshares Stock Up 0.2%

NYSE AUB opened at $39.70 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 11.85 and a beta of 0.78. The company has a 50 day moving average of $41.67 and a 200-day moving average of $39.04. 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 posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. On average, equities research analysts expect that Atlantic Union Bankshares will post 3.76 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, August 7th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 44.18%.

Institutional Trading of Atlantic Union Bankshares

Several institutional investors and hedge funds have recently modified their holdings of the business. Beacon Investment Advisors LLC boosted its position in Atlantic Union Bankshares by 0.7% during the 4th 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 period. Arizona State Retirement System increased its holdings in shares of Atlantic Union Bankshares by 0.8% during the second quarter. Arizona State Retirement System now owns 39,473 shares of the company’s stock valued at $1,670,000 after purchasing an additional 307 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 318 shares during the period. Walleye Capital LLC raised 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 purchasing an additional 322 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in Atlantic Union Bankshares by 1.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 20,835 shares of the company’s stock worth $735,000 after purchasing an additional 347 shares during the period. 78.58% of the stock is currently owned by institutional investors.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, families, businesses, nonprofit organizations and public-sector clients.

The bank’s products and services include deposit accounts, consumer and residential lending, commercial and industrial loans, commercial real estate financing, mortgage banking, treasury management, cash management, wealth management and investment services.