Atlantic Union Bankshares (NASDAQ:AUB) Price Target Raised to $38.00 at Keefe, Bruyette & Woods

Atlantic Union Bankshares (NASDAQ:AUB) had its price objective raised by Keefe, Bruyette & Woods from $35.00 to $38.00 in a research report released on Monday, Benzinga reports. The firm currently has a market perform rating on the stock.

AUB has been the topic of several other reports. Hovde Group increased their target price on shares of Atlantic Union Bankshares from $40.00 to $46.00 and gave the stock an outperform rating in a report on Friday, July 26th. Piper Sandler cut their target price on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an overweight rating on the stock in a report on Monday, April 29th. Finally, Stephens cut their target price on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an overweight rating on the stock in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $40.20.

Atlantic Union Bankshares Trading Down 1.0 %

Shares of NASDAQ AUB opened at $41.26 on Monday. The company’s 50 day simple moving average is $34.24 and its 200 day simple moving average is $33.94. Atlantic Union Bankshares has a fifty-two week low of $26.91 and a fifty-two week high of $42.50. The firm has a market capitalization of $3.70 billion, a P/E ratio of 15.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.90.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.05). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.95%. The business had revenue of $212.20 million during the quarter, compared to analyst estimates of $216.03 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Atlantic Union Bankshares will post 2.92 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, August 9th. Atlantic Union Bankshares’s dividend payout ratio is 47.06%.

Insider Transactions at Atlantic Union Bankshares

In related news, Director Frank Russell Ellett acquired 4,467 shares of the stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $30.85 per share, with a total value of $137,806.95. Following the completion of the transaction, the director now directly owns 56,801 shares of the company’s stock, valued at $1,752,310.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlantic Union Bankshares

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Atlantic Union Bankshares by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,917,470 shares of the company’s stock worth $179,687,000 after acquiring an additional 28,655 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Atlantic Union Bankshares by 68.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 36,209 shares of the company’s stock valued at $1,269,000 after purchasing an additional 14,760 shares in the last quarter. Edgestream Partners L.P. bought a new position in Atlantic Union Bankshares in the first quarter valued at $783,000. Louisiana State Employees Retirement System bought a new position in Atlantic Union Bankshares in the fourth quarter valued at $1,370,000. Finally, Franklin Resources Inc. grew its position in Atlantic Union Bankshares by 41.5% in the fourth quarter. Franklin Resources Inc. now owns 892,883 shares of the company’s stock valued at $32,626,000 after purchasing an additional 261,825 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.