Atlantic Union Bankshares (NASDAQ:AUB) Price Target Lowered to $46.00 at Hovde Group

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) had its price objective lowered by equities researchers at Hovde Group from $47.00 to $46.00 in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has an "outperform" rating on the stock. Hovde Group's price target indicates a potential upside of 22.38% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on AUB. Keefe, Bruyette & Woods upped 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 decreased 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. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an "overweight" rating and a $51.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.80.

Atlantic Union Bankshares Stock Up 2.8 %

Shares of NASDAQ AUB traded up $1.03 during trading hours on Monday, hitting $37.59. The stock had a trading volume of 1,910,209 shares, compared to its average volume of 966,016. The company has a market capitalization of $3.37 billion, a P/E ratio of 15.60 and a beta of 0.93. The firm's 50-day moving average price is $39.43 and its two-hundred day moving average price is $38.75. Atlantic Union Bankshares has a 52 week low of $30.43 and a 52 week high of $44.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AUB. Natixis Advisors LLC boosted its holdings in Atlantic Union Bankshares by 24.2% in the third quarter. Natixis Advisors LLC now owns 60,782 shares of the company's stock valued at $2,290,000 after acquiring an additional 11,832 shares during the last quarter. Stifel Financial Corp boosted its holdings in 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 acquiring an additional 428 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Atlantic Union Bankshares in the third quarter valued at about $591,000. BNP Paribas Financial Markets boosted its holdings in Atlantic Union Bankshares by 95.5% in the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company's stock valued at $1,331,000 after acquiring an additional 17,265 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock valued at $50,000 after acquiring an additional 284 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

About Atlantic Union Bankshares

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.