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

Atlantic Union Bankshares Co. (NASDAQ:AUB) has been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $43.1667.

Several research analysts have commented on the company. Piper Sandler raised their price objective on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Stephens increased their price target on Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. TD Cowen restated a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Zacks Research upgraded Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Finally, Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th.

Hedge Funds Weigh In On Atlantic Union Bankshares

Several institutional investors have recently bought and sold shares of AUB. Hsbc Holdings PLC raised its stake in Atlantic Union Bankshares by 1,292.0% in the fourth quarter. Hsbc Holdings PLC now owns 106,335 shares of the company’s stock worth $3,752,000 after buying an additional 98,696 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Atlantic Union Bankshares by 724.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the company’s stock valued at $118,000 after acquiring an additional 2,927 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at $87,022,000. Claris Financial LLC bought a new position in shares of Atlantic Union Bankshares in the 4th quarter worth $210,000. Finally, Invesco Ltd. lifted its stake in shares of Atlantic Union Bankshares by 0.9% during the 4th quarter. Invesco Ltd. now owns 1,107,336 shares of the company’s stock worth $39,089,000 after purchasing an additional 10,299 shares during the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Price Performance

Shares of AUB stock opened at $34.19 on Tuesday. The company has a market capitalization of $4.87 billion, a P/E ratio of 14.93 and a beta of 0.82. The company’s 50-day simple moving average is $38.42 and its two-hundred day simple moving average is $36.03. Atlantic Union Bankshares has a one year low of $22.85 and a one year high of $42.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.11. The firm had revenue of $391.33 million during the quarter, compared to the consensus estimate of $378.95 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts anticipate that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio is presently 72.55%.

Atlantic Union Bankshares Company Profile

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.