Atlantic Union Bankshares Co. (NYSE:AUB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Atlantic Union Bankshares Co. (NYSE:AUB - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $45.5714.

A number of equities research analysts recently issued reports on AUB shares. TD Cowen increased their price objective on Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Morgan Stanley boosted their target price on Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Monday, June 29th. Stephens restated an "overweight" rating and issued a $46.00 target price on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Piper Sandler reaffirmed an "overweight" rating and issued a $47.00 price target on shares of Atlantic Union Bankshares in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Atlantic Union Bankshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th.

Atlantic Union Bankshares Stock Performance

NYSE AUB opened at $40.89 on Tuesday. Atlantic Union Bankshares has a 1 year low of $30.87 and a 1 year high of $43.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $5.84 billion, a PE ratio of 12.21 and a beta of 0.78. The company's 50 day simple moving average is $41.89 and its two-hundred day simple moving average is $39.05.

Atlantic Union Bankshares (NYSE:AUB - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.02. The firm had revenue of $387.57 million during the quarter, compared to analyst estimates of $389.06 million. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. Analysts predict that Atlantic Union Bankshares will post 3.76 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 7th. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 44.18%.

Hedge Funds Weigh In On Atlantic Union Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its position in Atlantic Union Bankshares by 4,130.0% in the second quarter. California State Teachers Retirement System now owns 6,941,506 shares of the company's stock worth $293,695,000 after acquiring an additional 6,777,404 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Atlantic Union Bankshares during the fourth quarter valued at about $87,022,000. State Street Corp raised its position in Atlantic Union Bankshares by 24.5% during the second quarter. State Street Corp now owns 7,400,456 shares of the company's stock valued at $231,486,000 after purchasing an additional 1,457,647 shares in the last quarter. North Reef Capital Management LP lifted its stake in Atlantic Union Bankshares by 23.1% during the fourth quarter. North Reef Capital Management LP now owns 4,572,090 shares of the company's stock worth $161,395,000 after purchasing an additional 858,486 shares during the last quarter. Finally, Aristotle Capital Boston LLC bought a new stake in Atlantic Union Bankshares during the fourth quarter worth about $22,169,000. Hedge funds and other institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.

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