Brokerages Set Atlantic Union Bankshares Co. (NASDAQ:AUB) Price Target at $43.20

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.33.

Several brokerages have recently issued reports on AUB. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 price objective on the stock. 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 report on Thursday, January 30th. Hovde Group decreased their price objective on 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. Finally, Morgan Stanley started coverage on Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price on the stock.

Atlantic Union Bankshares Price Performance

AUB traded down $0.13 during trading on Wednesday, reaching $23.72. The stock had a trading volume of 727,781 shares, compared to its average volume of 839,330. The stock has a 50 day moving average of $32.76 and a two-hundred day moving average of $36.79. 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 market capitalization of $2.14 billion, a price-to-earnings ratio of 10.36 and a beta of 0.80. Atlantic Union Bankshares has a 1-year low of $22.85 and a 1-year high of $44.54.

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Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 59.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Atlantic Union Bankshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock valued at $414,926,000 after acquiring an additional 27,604 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Atlantic Union Bankshares by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,681,103 shares of the company's stock valued at $215,201,000 after acquiring an additional 31,082 shares during the period. State Street Corp raised its stake in shares of Atlantic Union Bankshares by 3.0% in the third quarter. State Street Corp now owns 4,492,014 shares of the company's stock valued at $169,214,000 after purchasing an additional 130,104 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Atlantic Union Bankshares by 62.0% during the 4th quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company's stock worth $98,029,000 after acquiring an additional 990,583 shares during the period. Finally, North Reef Capital Management LP acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter valued at about $78,942,000. 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.