Keefe, Bruyette & Woods Issues Positive Forecast for Atlantic Union Bankshares (NASDAQ:AUB) Stock Price

Atlantic Union Bankshares (NASDAQ:AUB) had its price target upped by Keefe, Bruyette & Woods from $42.00 to $46.00 in a report released on Friday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts also recently weighed in on AUB. Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Raymond James lowered their price objective 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Atlantic Union Bankshares Trading Up 2.2 %

AUB opened at $43.55 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. Atlantic Union Bankshares has a fifty-two week low of $30.22 and a fifty-two week high of $44.54. The company’s 50 day moving average price is $38.93 and its two-hundred day moving average price is $36.67. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 18.07 and a beta of 0.89.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company 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. As a group, research analysts predict that Atlantic Union Bankshares will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.34 per share. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio is 56.43%.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position 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 acquiring an additional 410 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after buying an additional 489 shares during the last quarter. UMB Bank n.a. grew its holdings in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after buying an additional 483 shares in the last quarter. Quest Partners LLC purchased a new stake in Atlantic Union Bankshares in the 3rd quarter valued at $56,000. Finally, Blue Trust Inc. lifted its stake in Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after acquiring an additional 1,095 shares in the last quarter. Institutional investors 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.