Atlantic Union Bankshares (NASDAQ:AUB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Atlantic Union Bankshares (NASDAQ:AUB) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $42.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 7.91% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Raymond James cut their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Hovde Group reduced their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Atlantic Union Bankshares Stock Up 1.8 %

NASDAQ:AUB opened at $42.63 on Friday. The stock has a 50-day simple moving average of $38.82 and a 200 day simple moving average of $36.59. Atlantic Union Bankshares has a 52-week low of $30.22 and a 52-week high of $43.57. The company has a market cap of $3.83 billion, a PE ratio of 17.69 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $358.81 million during the quarter, compared to analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same period last year, the business earned $0.80 EPS. On average, sell-side analysts expect that Atlantic Union Bankshares will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlantic Union Bankshares

A number of institutional investors have recently bought and sold shares of AUB. Nomura Asset Management Co. Ltd. boosted its stake in shares of Atlantic Union Bankshares by 78.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after acquiring an additional 410 shares during the period. GAMMA Investing LLC boosted its position in Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after purchasing an additional 489 shares during the period. UMB Bank n.a. increased its holdings in shares of Atlantic Union Bankshares by 77.7% in the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after purchasing an additional 483 shares during the last quarter. Quest Partners LLC bought a new position in shares of Atlantic Union Bankshares in the third quarter valued at about $56,000. Finally, Blue Trust Inc. lifted its stake in shares of Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after buying an additional 1,095 shares during the last quarter. Institutional investors and hedge funds 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.