Atlantic Union Bankshares (NYSE:AUB) Stock Gets Price Target Cut from Piper Sandler

Atlantic Union Bankshares (NYSE:AUB) had its target price trimmed by Piper Sandler from $47.00 to $45.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

AUB has been the subject of a number of other research reports. TD Cowen cut their price objective on shares of Atlantic Union Bankshares from $44.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley increased their target price on shares of Atlantic Union Bankshares from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, September 28th. Finally, Weiss Ratings raised shares of Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

Atlantic Union Bankshares Stock Down 0.4%

AUB opened at $39.94 on Wednesday. The stock has a fifty day moving average of $39.39 and a 200-day moving average of $39.59. The company has a market capitalization of $5.70 billion, a P/E ratio of 10.91 and a beta of 0.80. Atlantic Union Bankshares has a fifty-two week low of $30.87 and a fifty-two week high of $43.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.93 and a current ratio of 0.94.

Atlantic Union Bankshares (NYSE:AUB) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. Atlantic Union Bankshares had a net margin of 23.97% and a return on equity of 10.79%. The business had revenue of $387.90 million for the quarter, compared to the consensus estimate of $392.72 million. During the same period in the prior year, the company posted $0.84 earnings per share. Atlantic Union Bankshares’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Atlantic Union Bankshares will post 3.77 EPS for the current year.

Institutional Investors Weigh In On Atlantic Union Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the company. Nykredit A S bought a new position in Atlantic Union Bankshares in the 2nd quarter valued at about $51,000. EverSource Wealth Advisors LLC raised its position in shares of Atlantic Union Bankshares by 25.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock valued at $55,000 after buying an additional 318 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock worth $71,000 after acquiring an additional 366 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 15.9% during the 3rd quarter. CoreCap Advisors LLC now owns 2,660 shares of the company’s stock worth $101,000 after acquiring an additional 365 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Atlantic Union Bankshares during the 1st quarter worth approximately $104,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.