Atlantic Union Bankshares (NASDAQ:AUB) Price Target Cut to $44.00 by Analysts at Keefe, Bruyette & Woods

Atlantic Union Bankshares (NASDAQ:AUB) had its target price lowered by Keefe, Bruyette & Woods from $46.00 to $44.00 in a report released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other equities analysts have also 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 target for the company. Raymond James reduced 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 note on Wednesday, October 2nd. Finally, Hovde Group dropped their price objective on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and an average price target of $44.40.

Atlantic Union Bankshares Stock Up 0.3 %

Shares of AUB opened at $37.47 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.36 billion, a PE ratio of 16.36 and a beta of 0.93. The firm’s 50 day moving average is $39.08 and its 200-day moving average is $38.75. Atlantic Union Bankshares has a 12 month low of $30.43 and a 12 month high of $44.54.

Institutional Investors Weigh In On Atlantic Union Bankshares

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Atlantic Union Bankshares by 3.0% during the third quarter. State Street Corp now owns 4,492,014 shares of the company’s stock valued at $169,214,000 after buying an additional 130,104 shares during the period. Geode Capital Management LLC increased its position in Atlantic Union Bankshares by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company’s stock valued at $77,836,000 after purchasing an additional 14,823 shares during the period. Franklin Resources Inc. raised its stake in Atlantic Union Bankshares by 20.0% in the third quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company’s stock worth $62,607,000 after buying an additional 270,470 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Atlantic Union Bankshares by 275.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock valued at $38,129,000 after acquiring an additional 757,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Atlantic Union Bankshares by 8.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 973,480 shares of the company’s stock worth $36,671,000 after acquiring an additional 77,642 shares during the period. Hedge funds and other 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.