Atlantic Union Bankshares Co. (AUB) - What Are Analysts Saying About This Stock?

Key Points

• Analysts rate Atlantic Union Bankshares a “Moderate Buy”: Four of seven analysts recommend buying the stock, while three rate it a hold. The average 12-month price target is $45.80, above the reported $39.43 share price.
• Atlantic Union Bankshares reported quarterly earnings of $0.96 per share, matching consensus estimates, while revenue of $387.9 million fell slightly short of expectations but increased 3.3% year over year.
• The stock has a $5.63 billion market capitalization and trades at a P/E ratio of 10.77. Institutional investors own 78.58% of shares, while an executive recently sold $309,840 worth of stock.

Shares of Atlantic Union Bankshares Co. (NYSE:AUB - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $45.80.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price objective on shares of Atlantic Union Bankshares from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, October 21st. Morgan Stanley boosted their price target on shares of Atlantic Union Bankshares from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Monday, September 28th. TD Cowen decreased their price objective on Atlantic Union Bankshares from $44.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, October 21st. Finally, Weiss Ratings raised Atlantic Union Bankshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $39.43 on Wednesday. Atlantic Union Bankshares has a 1 year low of $30.87 and a 1 year high of $43.62. The stock has a 50 day simple moving average of $39.31 and a two-hundred day simple moving average of $39.02. The firm has a market cap of $5.63 billion, a P/E ratio of 10.77 and a beta of 0.80.

Atlantic Union Bankshares (NYSE:AUB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. The business had revenue of $387.90 million for the quarter, compared to analysts' expectations of $392.72 million. The company's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. On average, equities analysts anticipate that Atlantic Union Bankshares will post 3.77 earnings per share for the current year.

Insider Transactions at Atlantic Union Bankshares

In related news, EVP Matthew L. Linderman sold 7,746 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $40.00, for a total transaction of $309,840.00. Following the transaction, the executive vice president directly owned 10,455 shares in the company, valued at $418,200. This trade represents a 42.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Atlantic Union Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nykredit A S purchased a new stake in shares of Atlantic Union Bankshares during the second quarter valued at approximately $51,000. EverSource Wealth Advisors LLC increased its stake in shares of Atlantic Union Bankshares by 25.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company's stock worth $55,000 after buying an additional 318 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Atlantic Union Bankshares by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company's stock worth $71,000 after buying an additional 366 shares during the period. CoreCap Advisors LLC raised its holdings in Atlantic Union Bankshares by 15.9% during the 3rd quarter. CoreCap Advisors LLC now owns 2,660 shares of the company's stock valued at $101,000 after buying an additional 365 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Atlantic Union Bankshares during the 1st quarter valued at $104,000. Institutional investors own 78.58% of the company's stock.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation NYSE: AUB is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.

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