Atlantic Union Bankshares (NASDAQ:AUB) PT Lowered to $40.00 at Stephens

Atlantic Union Bankshares (NASDAQ:AUB) had its price target dropped by research analysts at Stephens from $43.00 to $40.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price target suggests a potential upside of 22.14% from the company’s current price.

Separately, Raymond James upped their price objective on Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th.

Atlantic Union Bankshares Stock Down 0.4 %

NASDAQ:AUB traded down $0.13 during trading hours on Wednesday, hitting $32.75. The stock had a trading volume of 175,894 shares, compared to its average volume of 411,955. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.47 billion, a PE ratio of 12.80 and a beta of 0.94. Atlantic Union Bankshares has a 1-year low of $23.32 and a 1-year high of $37.86. The business has a 50 day simple moving average of $33.63 and a two-hundred day simple moving average of $33.14.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a return on equity of 9.51% and a net margin of 19.31%. The business had revenue of $288.47 million for the quarter, compared to analyst estimates of $178.82 million. During the same period last year, the firm posted $0.63 EPS. Analysts predict that Atlantic Union Bankshares will post 3.24 EPS for the current year.

Insider Transactions at Atlantic Union Bankshares

In related news, Director Donald R. Kimble purchased 7,000 shares of Atlantic Union Bankshares stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of $35.13 per share, with a total value of $245,910.00. Following the completion of the transaction, the director now directly owns 7,582 shares of the company’s stock, valued at approximately $266,355.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new position in Atlantic Union Bankshares in the fourth quarter worth $1,370,000. Charles Schwab Investment Management Inc. raised its position in shares of Atlantic Union Bankshares by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 596,051 shares of the company’s stock valued at $17,154,000 after buying an additional 26,362 shares during the last quarter. London Co. of Virginia raised its holdings in Atlantic Union Bankshares by 8.7% in the third quarter. London Co. of Virginia now owns 677,922 shares of the company’s stock worth $19,511,000 after purchasing an additional 54,498 shares in the last quarter. Northern Trust Corp raised its position in shares of Atlantic Union Bankshares by 0.3% in the third quarter. Northern Trust Corp now owns 977,763 shares of the company’s stock valued at $28,140,000 after buying an additional 3,364 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Atlantic Union Bankshares by 62.0% during the third quarter. Envestnet Asset Management Inc. now owns 318,334 shares of the company’s stock worth $9,162,000 after purchasing an additional 121,806 shares in the last quarter. Hedge funds and other institutional investors 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.