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

Shares of Atlantic Union Bankshares Co. (NYSE:AUB) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.5714.

Several research analysts recently issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. 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 research note on Wednesday, July 22nd. Piper Sandler reiterated an “overweight” rating and set a $47.00 target price on shares of Atlantic Union Bankshares in a report on Wednesday, July 22nd. Finally, Morgan Stanley lifted their target price on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, June 29th.

Atlantic Union Bankshares Price Performance

AUB opened at $42.69 on Friday. 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 $6.10 billion, a price-to-earnings ratio of 12.74 and a beta of 0.79. The stock has a fifty day simple moving average of $41.44 and a two-hundred day simple moving average of $38.95. Atlantic Union Bankshares has a 12-month low of $30.87 and a 12-month high of $43.62.

Atlantic Union Bankshares (NYSE:AUB) last announced its earnings results on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $387.57 million for the quarter, compared to analysts’ expectations of $389.06 million. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Research analysts predict that Atlantic Union Bankshares will post 3.76 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 7th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 44.18%.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in shares of Atlantic Union Bankshares by 10.9% during the fourth quarter. UBS Group AG now owns 475,259 shares of the company’s stock valued at $16,777,000 after acquiring an additional 46,867 shares in the last quarter. Hsbc Holdings PLC lifted its position in Atlantic Union Bankshares by 1,292.0% in the 4th quarter. Hsbc Holdings PLC now owns 106,335 shares of the company’s stock valued at $3,752,000 after acquiring an additional 98,696 shares in the last quarter. AlphaCore Capital LLC bought a new position in Atlantic Union Bankshares in the 4th quarter valued at approximately $1,941,000. William Blair Investment Management LLC lifted its position in Atlantic Union Bankshares by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 1,111,244 shares of the company’s stock valued at $39,227,000 after acquiring an additional 89,794 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Atlantic Union Bankshares by 40.1% during the 1st quarter. Principal Financial Group Inc. now owns 951,373 shares of the company’s stock valued at $34,002,000 after purchasing an additional 272,119 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

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.