Raymond James Lowers Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $41.00

Atlantic Union Bankshares (NASDAQ:AUB) had its price target reduced by Raymond James from $45.00 to $41.00 in a report released on Wednesday, Benzinga reports. Raymond James currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on AUB. Hovde Group lowered their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an outperform rating on the stock in a research note on Friday, September 13th. Keefe, Bruyette & Woods upped their target price on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a market perform rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Atlantic Union Bankshares has an average rating of Moderate Buy and a consensus price target of $40.40.

Atlantic Union Bankshares Stock Up 2.1 %

Shares of AUB stock opened at $37.00 on Wednesday. Atlantic Union Bankshares has a one year low of $26.91 and a one year high of $42.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a fifty day moving average price of $37.88 and a 200 day moving average price of $35.12. The stock has a market cap of $3.32 billion, a P/E ratio of 13.60 and a beta of 0.89.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). The business had revenue of $212.20 million for the quarter, compared to the consensus estimate of $216.03 million. Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. Atlantic Union Bankshares’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Analysts predict that Atlantic Union Bankshares will post 3.04 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, August 9th. Atlantic Union Bankshares’s dividend payout ratio is currently 47.06%.

Institutional Trading of Atlantic Union Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in AUB. Mather Group LLC. bought a new stake in shares of Atlantic Union Bankshares during the first quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in Atlantic Union Bankshares during the 2nd quarter worth $85,000. TFO Wealth Partners LLC lifted its holdings in Atlantic Union Bankshares by 386,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock worth $141,000 after buying an additional 3,861 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Atlantic Union Bankshares in the 1st quarter valued at $179,000. Finally, EMC Capital Management acquired a new stake in shares of Atlantic Union Bankshares in the 1st quarter valued at $199,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

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.