Atlantic Union Bankshares (NASDAQ:AUB) Price Target Raised to $46.00

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) had its price target lifted by Keefe, Bruyette & Woods from $42.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target points to a potential upside of 7.91% from the company's current price.

AUB has been the subject of a number of other research reports. Raymond James reduced their price objective on shares of 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. Hovde Group reduced their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, September 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Atlantic Union Bankshares presently has an average rating of "Moderate Buy" and an average price target of $42.00.

Atlantic Union Bankshares Stock Performance

AUB traded up $0.74 on Friday, hitting $42.63. 832,297 shares of the company traded hands, compared to its average volume of 1,073,987. Atlantic Union Bankshares has a 12-month low of $30.22 and a 12-month high of $43.57. The company has a 50 day moving average of $38.82 and a 200-day moving average of $36.57. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.83 billion, a PE ratio of 14.49 and a beta of 0.89.

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 for the quarter, topping the consensus estimate 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 period last year, the company earned $0.80 earnings per share. Sell-side analysts anticipate that Atlantic Union Bankshares will post 2.93 earnings per share for the current year.

Institutional Trading of Atlantic Union Bankshares

Several large investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in shares of 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 buying an additional 410 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock valued at $1,224,000 after purchasing an additional 428 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Atlantic Union Bankshares by 5.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company's stock worth $325,000 after purchasing an additional 450 shares in the last quarter. UMB Bank n.a. lifted 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 valued at $42,000 after buying an additional 483 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company's stock worth $39,000 after buying an additional 489 shares in the last quarter. 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.