Hovde Group Cuts Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $46.00

Atlantic Union Bankshares (NASDAQ:AUB) had its price target decreased by Hovde Group from $47.00 to $46.00 in a research report report published on Monday morning, Marketbeat reports. Hovde Group currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on AUB. Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They issued an “overweight” rating and a $51.00 price objective for the company. Raymond James lowered their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Atlantic Union Bankshares Stock Down 0.5 %

NASDAQ:AUB opened at $37.39 on Monday. The business’s fifty day moving average price is $39.18 and its 200 day moving average price is $38.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 15.51 and a beta of 0.93. Atlantic Union Bankshares has a 1-year low of $30.43 and a 1-year high of $44.54.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AUB. Sei Investments Co. boosted its stake in shares of Atlantic Union Bankshares by 62.7% during the 2nd quarter. Sei Investments Co. now owns 261,634 shares of the company’s stock worth $8,595,000 after buying an additional 100,859 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Atlantic Union Bankshares by 17.0% in the second quarter. Thrivent Financial for Lutherans now owns 80,039 shares of the company’s stock valued at $2,629,000 after buying an additional 11,601 shares during the last quarter. Algert Global LLC bought a new position in shares of Atlantic Union Bankshares during the 2nd quarter worth approximately $296,000. Systematic Financial Management LP boosted its position in Atlantic Union Bankshares by 51.1% during the second quarter. Systematic Financial Management LP now owns 346,292 shares of the company’s stock worth $11,376,000 after purchasing an additional 117,186 shares during the period. Finally, Dana Investment Advisors Inc. boosted its holdings in shares of Atlantic Union Bankshares by 8.2% during the 2nd quarter. Dana Investment Advisors Inc. now owns 43,179 shares of the company’s stock worth $1,418,000 after buying an additional 3,279 shares during the period. 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.