Stephens Lowers Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $40.00

Atlantic Union Bankshares (NASDAQ:AUB) had its target price reduced by research analysts at Stephens from $43.00 to $40.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target would indicate a potential upside of 22.14% from the company’s current price.

Separately, Raymond James upped their target price on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th.

Atlantic Union Bankshares Stock Performance

Atlantic Union Bankshares stock traded down $0.13 during mid-day trading on Wednesday, hitting $32.75. 175,894 shares of the company’s stock traded hands, compared to its average volume of 411,955. The firm has a 50 day moving average price of $33.63 and a 200 day moving average price of $33.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares has a one year low of $23.32 and a one year high of $37.86. The company has a market cap of $2.47 billion, a PE ratio of 12.80 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.31% and a return on equity of 9.51%. The company had revenue of $288.47 million during the quarter, compared to the consensus estimate of $178.82 million. During the same quarter last year, the firm posted $0.63 earnings per share. On average, equities analysts forecast that Atlantic Union Bankshares will post 3.24 EPS for the current year.

Insider Activity at Atlantic Union Bankshares

In other news, Director Donald R. Kimble bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of $35.13 per share, with a total value of $245,910.00. Following the transaction, the director now owns 7,582 shares in the company, valued at $266,355.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.28% of the company’s stock.

Institutional Trading of Atlantic Union Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of AUB. Norges Bank bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth $18,902,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Atlantic Union Bankshares in the third quarter worth $14,416,000. Ceredex Value Advisors LLC bought a new stake in Atlantic Union Bankshares during the third quarter valued at $10,995,000. Franklin Resources Inc. increased its holdings in Atlantic Union Bankshares by 41.5% during the fourth quarter. Franklin Resources Inc. now owns 892,883 shares of the company’s stock worth $32,626,000 after buying an additional 261,825 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Atlantic Union Bankshares by 112.0% in the 4th quarter. Hsbc Holdings PLC now owns 464,349 shares of the company’s stock worth $17,068,000 after buying an additional 245,357 shares during the last quarter. Hedge funds and other institutional investors 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.