Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.00.

A number of equities research analysts recently issued reports on the company. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Jefferies Financial Group started coverage on shares of Atlantic Union Bankshares in a report on Wednesday. They set a "buy" rating and a $37.00 price target on the stock. Finally, Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th.

Atlantic Union Bankshares Stock Down 2.1%

Shares of NASDAQ AUB opened at $29.92 on Wednesday. The business's fifty day simple moving average is $28.54 and its 200-day simple moving average is $35.02. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares has a 12-month low of $22.85 and a 12-month high of $44.54. The stock has a market cap of $4.26 billion, a P/E ratio of 13.11 and a beta of 0.83.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.36 annualized dividend and a yield of 4.55%. Atlantic Union Bankshares's dividend payout ratio is currently 62.10%.

Institutional Trading of Atlantic Union Bankshares

A number of institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Atlantic Union Bankshares by 132.3% during the 3rd quarter. Barclays PLC now owns 186,876 shares of the company's stock worth $7,039,000 after purchasing an additional 106,415 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Atlantic Union Bankshares by 62.2% during the fourth quarter. Park Avenue Securities LLC now owns 11,559 shares of the company's stock valued at $438,000 after acquiring an additional 4,433 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Atlantic Union Bankshares by 19.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 523,891 shares of the company's stock worth $19,845,000 after purchasing an additional 84,290 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Atlantic Union Bankshares by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,040 shares of the company's stock valued at $1,479,000 after purchasing an additional 4,888 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in Atlantic Union Bankshares by 37.3% in the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company's stock valued at $2,375,000 after buying an additional 17,035 shares in the last quarter. Institutional investors own 78.58% of the company's stock.

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.

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