Atlantic Union Bankshares (NASDAQ:AUB) Upgraded to Strong-Buy at Raymond James

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) was upgraded by investment analysts at Raymond James from an "outperform" rating to a "strong-buy" rating in a report issued on Tuesday, MarketBeat.com reports. The firm presently has a $41.00 price objective on the stock, up from their prior price objective of $37.00. Raymond James' price target would indicate a potential upside of 33.51% from the stock's previous close.

Several other brokerages have also recently commented on AUB. Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group set a $37.00 price objective on shares of Atlantic Union Bankshares and gave the stock a "buy" rating in a report on Wednesday, May 21st. Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Finally, Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Atlantic Union Bankshares Stock Down 2.6%

Shares of NASDAQ AUB traded down $0.81 during mid-day trading on Tuesday, reaching $30.71. The company had a trading volume of 1,380,015 shares, compared to its average volume of 1,048,761. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 13.41 and a beta of 0.86. The stock has a fifty day moving average of $28.47 and a two-hundred day moving average of $33.63. Atlantic Union Bankshares has a 12-month low of $22.85 and a 12-month high of $44.54.

Institutional Investors Weigh In On Atlantic Union Bankshares

Several hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new stake in Atlantic Union Bankshares in the 1st quarter valued at $25,000. CWM LLC lifted its holdings in shares of Atlantic Union Bankshares by 99.4% during the first quarter. CWM LLC now owns 1,049 shares of the company's stock worth $33,000 after buying an additional 523 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Atlantic Union Bankshares by 186.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock valued at $41,000 after acquiring an additional 699 shares during the period. Investment Management Corp VA ADV acquired a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at about $72,000. Finally, Concord Wealth Partners grew its stake in shares of Atlantic Union Bankshares by 304.1% in the first quarter. Concord Wealth Partners now owns 2,728 shares of the company's stock valued at $85,000 after acquiring an additional 2,053 shares in the last quarter. Institutional investors and hedge funds 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.