Atlantic Union Bankshares (NASDAQ:AUB) Earns Equal Weight Rating from Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley began coverage on shares of Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set an "equal weight" rating and a $32.00 price target on the stock. Morgan Stanley's price objective would suggest a potential upside of 35.54% from the stock's previous close.

A number of other research analysts have also issued reports on the stock. Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods lowered 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. Finally, Hovde Group cut 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Atlantic Union Bankshares currently has a consensus rating of "Moderate Buy" and an average target price of $41.33.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock traded down $0.24 during trading on Wednesday, reaching $23.61. The company had a trading volume of 593,881 shares, compared to its average volume of 838,793. The company has a market capitalization of $2.13 billion, a PE ratio of 10.31 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. The firm's 50 day simple moving average is $32.76 and its two-hundred day simple moving average is $36.79. Atlantic Union Bankshares has a one year low of $22.85 and a one year high of $44.54.

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Institutional Investors Weigh In On Atlantic Union Bankshares

A number of institutional investors have recently bought and sold shares of AUB. Heritage Family Offices LLP lifted its holdings in shares of Atlantic Union Bankshares by 11.0% during the 1st quarter. Heritage Family Offices LLP now owns 8,194 shares of the company's stock worth $255,000 after acquiring an additional 812 shares during the period. NBC Securities Inc. acquired a new position in Atlantic Union Bankshares during the 1st quarter worth about $25,000. GAMMA Investing LLC lifted its position in shares of Atlantic Union Bankshares by 2,412.4% during the first quarter. GAMMA Investing LLC now owns 33,289 shares of the company's stock worth $1,069,000 after purchasing an additional 31,964 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Atlantic Union Bankshares during the fourth quarter valued at approximately $2,580,000. Finally, Campbell Deegan Wealth Management LLC acquired a new stake in shares of Atlantic Union Bankshares in the fourth quarter valued at approximately $751,000. Institutional investors and hedge funds 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.