Atlantic Union Bankshares (NASDAQ:AUB) PT Set at $37.00 by Jefferies Financial Group

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) received a $37.00 price objective from stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 28.37% from the company's previous close.

AUB has been the topic of several other research reports. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price target on the stock. Hovde Group dropped 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. Finally, 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 for the company in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Atlantic Union Bankshares has an average rating of "Moderate Buy" and an average price target of $39.00.

Atlantic Union Bankshares Trading Down 1.8%

AUB stock traded down $0.52 during midday trading on Wednesday, reaching $28.82. The company's stock had a trading volume of 1,164,980 shares, compared to its average volume of 985,802. Atlantic Union Bankshares has a 1 year low of $22.85 and a 1 year high of $44.54. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 12.59 and a beta of 0.83. The stock has a fifty day simple moving average of $28.34 and a two-hundred day simple moving average of $34.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AUB. HighPoint Advisor Group LLC lifted its position in shares of Atlantic Union Bankshares by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock worth $244,000 after purchasing an additional 312 shares during the period. Atria Investments Inc increased its holdings in Atlantic Union Bankshares by 5.9% during the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company's stock valued at $221,000 after buying an additional 326 shares during the period. Xponance Inc. raised its stake in Atlantic Union Bankshares by 5.8% in the first quarter. Xponance Inc. now owns 6,798 shares of the company's stock worth $212,000 after buying an additional 374 shares in the last quarter. Corebridge Financial Inc. lifted its holdings in Atlantic Union Bankshares by 0.8% during the first quarter. Corebridge Financial Inc. now owns 48,026 shares of the company's stock worth $1,496,000 after buying an additional 396 shares during the period. Finally, Pettyjohn Wood & White Inc. lifted its holdings in Atlantic Union Bankshares by 5.2% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock worth $327,000 after buying an additional 425 shares during the period. Hedge funds and other 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.