Atlantic Union Bankshares (NASDAQ:AUB) Price Target Lowered to $38.00 at Piper Sandler

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) had its price objective reduced by equities researchers at Piper Sandler from $40.00 to $38.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 16.42% from the company's current price.

A number of other equities research analysts also recently weighed in on the stock. Stephens dropped their price target on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, April 24th. Raymond James raised their price target on Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on Atlantic Union Bankshares from $36.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, April 24th.

Atlantic Union Bankshares Price Performance

Shares of Atlantic Union Bankshares stock traded up $0.36 during trading on Monday, reaching $32.64. The company's stock had a trading volume of 499,779 shares, compared to its average volume of 416,602. Atlantic Union Bankshares has a one year low of $23.32 and a one year high of $37.86. The stock has a 50-day moving average price of $33.53 and a two-hundred day moving average price of $33.23. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.46 billion, a P/E ratio of 12.00 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.04). The company had revenue of $288.47 million during the quarter, compared to the consensus estimate of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same period in the prior year, the firm posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Atlantic Union Bankshares will post 3.17 EPS for the current fiscal year.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Donald R. Kimble purchased 7,000 shares of Atlantic Union Bankshares stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $35.13 per share, with a total value of $245,910.00. Following the completion of the transaction, the director now directly owns 7,582 shares in the company, valued at approximately $266,355.66. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.28% of the company's stock.

Hedge Funds Weigh In On Atlantic Union Bankshares

A number of large investors have recently added to or reduced their stakes in AUB. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Atlantic Union Bankshares by 3.8% in the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 129,730 shares of the company's stock valued at $4,581,000 after acquiring an additional 4,745 shares in the last quarter. Canal Capital Management LLC raised its stake in shares of Atlantic Union Bankshares by 0.8% during the 1st quarter. Canal Capital Management LLC now owns 66,490 shares of the company's stock worth $2,348,000 after purchasing an additional 536 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Atlantic Union Bankshares in the 1st quarter valued at approximately $1,612,000. Maryland State Retirement & Pension System grew its stake in shares of Atlantic Union Bankshares by 18.1% in the first quarter. Maryland State Retirement & Pension System now owns 32,206 shares of the company's stock valued at $1,137,000 after buying an additional 4,942 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Atlantic Union Bankshares by 2.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 322,223 shares of the company's stock worth $11,378,000 after buying an additional 8,924 shares during the last quarter. 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.