Atlantic Union Bankshares Co. (NASDAQ:AUB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $41.33.

Several analysts have recently commented on the company. Piper Sandler started coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. Morgan Stanley initiated coverage on Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target for the company. Keefe, Bruyette & Woods dropped their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Finally, Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th.

Institutional Investors Weigh In On Atlantic Union Bankshares

A number of large investors have recently bought and sold shares of AUB. Heritage Family Offices LLP grew its position in Atlantic Union Bankshares by 11.0% during the 1st quarter. Heritage Family Offices LLP now owns 8,194 shares of the company’s stock worth $255,000 after purchasing an additional 812 shares during the period. NBC Securities Inc. acquired a new stake in Atlantic Union Bankshares during the first quarter worth about $25,000. GAMMA Investing LLC lifted its holdings in Atlantic Union Bankshares by 2,412.4% in the first quarter. GAMMA Investing LLC now owns 33,289 shares of the company’s stock valued at $1,069,000 after acquiring an additional 31,964 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth approximately $2,580,000. Finally, Campbell Deegan Wealth Management LLC acquired a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at $751,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 0.2 %

NASDAQ:AUB opened at $23.84 on Wednesday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 10.41 and a beta of 0.80. Atlantic Union Bankshares has a 52 week low of $22.85 and a 52 week high of $44.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $32.76 and a 200 day moving average of $36.79.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio is presently 59.39%.

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.