Keefe, Bruyette & Woods Lowers Atlantic Union Bankshares (NASDAQ:AUB) Price Target to $44.00

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) had its target price reduced by analysts at Keefe, Bruyette & Woods from $46.00 to $44.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 19.08% from the stock's current price.

A number of other equities analysts have also issued reports on the stock. Raymond James lowered their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 2nd. Hovde Group decreased their price target on Atlantic Union Bankshares from $47.00 to $46.00 and set an "outperform" rating for the company in a report on Monday, January 27th. Finally, Piper Sandler started coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They issued an "overweight" rating and a $51.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.40.

Atlantic Union Bankshares Stock Down 2.2 %

Shares of Atlantic Union Bankshares stock traded down $0.82 during trading hours on Thursday, hitting $36.95. The company had a trading volume of 401,531 shares, compared to its average volume of 918,972. The company's 50-day moving average is $38.99 and its two-hundred day moving average is $38.76. Atlantic Union Bankshares has a twelve month low of $30.43 and a twelve month high of $44.54. 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 company has a market cap of $3.32 billion, a P/E ratio of 16.14 and a beta of 0.92.

Hedge Funds Weigh In On Atlantic Union Bankshares

Hedge funds have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC purchased a new stake in Atlantic Union Bankshares during the 4th quarter worth about $6,016,000. Venturi Wealth Management LLC purchased a new stake in Atlantic Union Bankshares during the fourth quarter valued at about $91,000. Truist Financial Corp increased its position in Atlantic Union Bankshares by 2.8% during the 4th quarter. Truist Financial Corp now owns 110,932 shares of the company's stock worth $4,202,000 after purchasing an additional 3,063 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Atlantic Union Bankshares by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 8,731 shares of the company's stock valued at $331,000 after buying an additional 431 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Atlantic Union Bankshares by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 435,380 shares of the company's stock valued at $16,492,000 after acquiring an additional 12,115 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other 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.