Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives $39.00 Average PT from Analysts

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.00.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced 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. Hovde Group decreased their price target on 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. Morgan Stanley initiated coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective for the company. Finally, Jefferies Financial Group set a $37.00 price objective on Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock traded down $0.52 during trading hours on Wednesday, reaching $28.82. 1,164,980 shares of the stock were exchanged, compared to its average volume of 988,737. 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 twelve month low of $22.85 and a twelve month high of $44.54. The company has a market cap of $4.11 billion, a P/E ratio of 12.59 and a beta of 0.83. The stock has a 50 day moving average of $28.34 and a two-hundred day moving average of $34.76.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, May 23rd. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 62.10%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. North Reef Capital Management LP acquired a new position in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $78,942,000. American Century Companies Inc. raised its holdings in shares of Atlantic Union Bankshares by 3,195.3% in the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company's stock worth $40,004,000 after acquiring an additional 1,024,025 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Atlantic Union Bankshares by 62.0% during the fourth quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company's stock valued at $98,029,000 after buying an additional 990,583 shares during the last quarter. Vanguard Group Inc. increased its stake in Atlantic Union Bankshares by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 11,932,493 shares of the company's stock valued at $371,578,000 after buying an additional 978,793 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Atlantic Union Bankshares by 275.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company's stock valued at $38,129,000 after purchasing an additional 757,014 shares during the period. Institutional investors own 78.58% of the company's stock.

About Atlantic Union Bankshares

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.