Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) had its price target dropped by research analysts at Hovde Group from $46.00 to $40.00 in a report issued on Monday, Marketbeat.com reports. The firm presently has an "outperform" rating on the stock. Hovde Group's price objective points to a potential upside of 25.04% from the stock's current price.
Several other analysts also recently commented on AUB. Piper Sandler started coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.20.
Get Our Latest Report on AUB
Atlantic Union Bankshares Trading Down 0.9 %
NASDAQ:AUB traded down $0.30 during trading hours on Monday, hitting $31.99. The stock had a trading volume of 3,261,934 shares, compared to its average volume of 680,241. The business's 50 day moving average is $36.01 and its 200-day moving average is $38.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 13.97 and a beta of 0.91. Atlantic Union Bankshares has a one year low of $30.43 and a one year high of $44.54.
Hedge Funds Weigh In On Atlantic Union Bankshares
Large investors have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Atlantic Union Bankshares in the fourth quarter valued at approximately $28,000. 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 valued at $35,000 after buying an additional 410 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Atlantic Union Bankshares by 186.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock valued at $41,000 after buying an additional 699 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after buying an additional 284 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Atlantic Union Bankshares in the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 78.58% of the company's stock.
About Atlantic Union Bankshares
(
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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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