Brokerages Set Atlantic Union Bankshares Co. (NASDAQ:AUB) Price Target at $39.00

Atlantic Union Bankshares Co. (NASDAQ:AUB - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $39.00.

A number of equities research analysts have issued reports on AUB shares. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Morgan Stanley began coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target for the company. Keefe, Bruyette & Woods cut their price target on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Finally, Raymond James upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $37.00 to $41.00 in a report on Tuesday, June 10th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at $6,957,000. Sandy Spring Bank raised its stake in Atlantic Union Bankshares by 598.2% during the fourth quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock worth $1,464,000 after acquiring an additional 33,118 shares in the last quarter. Deutsche Bank AG raised its stake in Atlantic Union Bankshares by 50.3% during the fourth quarter. Deutsche Bank AG now owns 77,693 shares of the company's stock worth $2,943,000 after acquiring an additional 26,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Atlantic Union Bankshares during the fourth quarter worth $6,923,000. Finally, Vanguard Group Inc. raised its stake in Atlantic Union Bankshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock worth $414,926,000 after acquiring an additional 27,604 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

Atlantic Union Bankshares stock traded down $0.81 during trading hours on Friday, reaching $30.71. 1,380,015 shares of the company were exchanged, compared to its average volume of 1,051,709. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 13.41 and a beta of 0.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $28.47 and a 200 day moving average of $33.57. Atlantic Union Bankshares has a 12 month low of $22.85 and a 12 month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.34 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.43%. Atlantic Union Bankshares's payout ratio is 62.10%.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.