Atlantic Union Bankshares (NASDAQ:AUB) Reaches New 1-Year Low - Time to Sell?

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $29.87 and last traded at $30.68, with a volume of 2259049 shares changing hands. The stock had previously closed at $30.24.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AUB shares. Hovde Group decreased their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Keefe, Bruyette & Woods lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research note on Thursday, January 30th. Finally, Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.20.

Atlantic Union Bankshares Trading Down 2.3 %

The business has a 50-day simple moving average of $34.30 and a two-hundred day simple moving average of $37.33. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 10.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

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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 given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.46%. Atlantic Union Bankshares's payout ratio is presently 59.39%.

Institutional Trading of Atlantic Union Bankshares

Institutional investors and hedge funds have recently modified their holdings of the business. Wesbanco Bank Inc. increased its stake in shares of Atlantic Union Bankshares by 37.3% in the fourth quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company's stock valued at $2,375,000 after buying an additional 17,035 shares during the period. Sandy Spring Bank increased its stake in Atlantic Union Bankshares by 598.2% during the 4th quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock valued at $1,464,000 after purchasing an additional 33,118 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Atlantic Union Bankshares by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock worth $1,224,000 after acquiring an additional 428 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth approximately $6,923,000. Finally, BNP Paribas Financial Markets raised its position in Atlantic Union Bankshares by 95.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company's stock valued at $1,331,000 after buying an additional 17,265 shares during the last quarter. 78.58% of the stock is currently 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.