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

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $39.00.

AUB has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on 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. Morgan Stanley began 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. Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Hovde Group lowered their target price 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. Finally, Raymond James Financial upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and boosted their target price for the company from $37.00 to $41.00 in a research note on Tuesday, June 10th.

Atlantic Union Bankshares Stock Performance

AUB stock traded down $0.28 during midday trading on Thursday, hitting $33.39. The company's stock had a trading volume of 181,850 shares, compared to its average volume of 1,133,099. The stock's 50-day moving average price is $30.77 and its 200 day moving average price is $32.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares has a 1 year low of $22.85 and a 1 year high of $44.54. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 14.57 and a beta of 0.86.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Friday, May 23rd. Atlantic Union Bankshares's payout ratio is currently 62.10%.

Hedge Funds Weigh In On Atlantic Union Bankshares

Institutional investors have recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of Atlantic Union Bankshares during the 1st quarter valued at about $25,000. CWM LLC increased its position in shares of Atlantic Union Bankshares by 99.4% during the 1st quarter. CWM LLC now owns 1,049 shares of the company's stock valued at $33,000 after purchasing an additional 523 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Atlantic Union Bankshares by 186.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock valued at $41,000 after purchasing an additional 699 shares during the last quarter. Investment Management Corp VA ADV bought a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at about $72,000. Finally, Concord Wealth Partners increased its position in shares of Atlantic Union Bankshares by 304.1% during the 1st quarter. Concord Wealth Partners now owns 2,728 shares of the company's stock valued at $85,000 after purchasing an additional 2,053 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.

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.