Keefe, Bruyette & Woods Cuts Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $35.00

Atlantic Union Bankshares (NASDAQ:AUB) had its price target decreased by Keefe, Bruyette & Woods from $36.00 to $35.00 in a research report report published on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the company. Stephens reduced their price target on Atlantic Union Bankshares from $43.00 to $40.00 and set an overweight rating on the stock in a report on Wednesday. Raymond James boosted their price target on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an outperform rating in a report on Friday, January 5th.

Atlantic Union Bankshares Stock Down 0.6 %

Shares of NASDAQ:AUB opened at $32.27 on Wednesday. Atlantic Union Bankshares has a 1 year low of $23.32 and a 1 year high of $37.86. The company has a market cap of $2.43 billion, a PE ratio of 11.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $33.55 and its 200 day moving average is $33.16.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The business had revenue of $288.47 million for the quarter, compared to analysts’ expectations of $178.82 million. During the same quarter in the prior year, the firm earned $0.63 EPS. Sell-side analysts anticipate that Atlantic Union Bankshares will post 3.24 EPS for the current year.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Donald R. Kimble acquired 7,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of $35.13 per share, with a total value of $245,910.00. Following the transaction, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Institutional Trading of Atlantic Union Bankshares

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $18,902,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Atlantic Union Bankshares in the 3rd quarter worth approximately $14,416,000. Ceredex Value Advisors LLC bought a new stake in shares of Atlantic Union Bankshares in the 3rd quarter worth approximately $10,995,000. Franklin Resources Inc. boosted its position in shares of Atlantic Union Bankshares by 41.5% in the 4th quarter. Franklin Resources Inc. now owns 892,883 shares of the company’s stock worth $32,626,000 after purchasing an additional 261,825 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Atlantic Union Bankshares by 112.0% in the 4th quarter. Hsbc Holdings PLC now owns 464,349 shares of the company’s stock worth $17,068,000 after purchasing an additional 245,357 shares in the last quarter. 78.58% of the stock is owned by institutional investors.

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.