Piper Sandler initiated coverage on shares of Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) in a report released on Monday, Marketbeat reports. The firm set an "overweight" rating and a $51.00 price target on the stock. Piper Sandler's target price indicates a potential upside of 42.82% from the stock's previous close.
Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods boosted their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a "market perform" rating in a research report on Friday, November 22nd. Raymond James dropped their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Atlantic Union Bankshares has an average rating of "Moderate Buy" and a consensus target price of $44.60.
Check Out Our Latest Analysis on Atlantic Union Bankshares
Atlantic Union Bankshares Price Performance
AUB stock traded up $0.75 during mid-day trading on Monday, reaching $35.71. 746,852 shares of the company traded hands, compared to its average volume of 876,279. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $3.21 billion, a P/E ratio of 14.82 and a beta of 0.93. Atlantic Union Bankshares has a 52-week low of $30.43 and a 52-week high of $44.54. The company has a fifty day moving average price of $40.25 and a 200-day moving average price of $38.43.
Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $358.81 million during the quarter, compared to the consensus estimate of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same quarter last year, the company posted $0.80 EPS. As a group, analysts anticipate that Atlantic Union Bankshares will post 2.93 earnings per share for the current year.
Hedge Funds Weigh In On Atlantic Union Bankshares
A number of large investors have recently bought and sold shares of AUB. Nomura Asset Management Co. Ltd. increased its stake in Atlantic Union Bankshares by 78.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock worth $35,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC increased its stake in Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company's stock worth $39,000 after purchasing an additional 489 shares during the period. UMB Bank n.a. increased its stake in Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company's stock worth $42,000 after purchasing an additional 483 shares during the period. Quest Partners LLC purchased a new position in shares of Atlantic Union Bankshares during the third quarter valued at approximately $56,000. Finally, Blue Trust Inc. increased its stake in shares of Atlantic Union Bankshares by 110.2% during the third quarter. Blue Trust Inc. now owns 2,089 shares of the company's stock valued at $79,000 after buying an additional 1,095 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.
Atlantic Union Bankshares Company Profile
(
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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.
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