Atlantic Union Bankshares (NASDAQ:AUB) Given New $41.00 Price Target at Raymond James

Atlantic Union Bankshares (NASDAQ:AUB) had its target price trimmed by Raymond James from $45.00 to $41.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

AUB has been the topic of several other reports. Hovde Group decreased their price target on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an outperform rating on the stock in a research note on Friday, September 13th. Keefe, Bruyette & Woods raised their target price on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a market perform rating in a research note on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares presently has an average rating of Moderate Buy and a consensus target price of $40.40.

Atlantic Union Bankshares Trading Up 1.9 %

AUB stock opened at $36.94 on Wednesday. The business’s 50-day moving average is $37.98 and its 200 day moving average is $35.09. Atlantic Union Bankshares has a 12-month low of $26.91 and a 12-month high of $42.50. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 13.58 and a beta of 0.89. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05). The firm had revenue of $212.20 million for the quarter, compared to analysts’ expectations of $216.03 million. Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, sell-side analysts anticipate that Atlantic Union Bankshares will post 3.04 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Friday, August 9th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 47.06%.

Institutional Trading of Atlantic Union Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. acquired a new position in Atlantic Union Bankshares in the first quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in shares of Atlantic Union Bankshares in the 2nd quarter valued at $85,000. TFO Wealth Partners LLC grew its holdings in shares of Atlantic Union Bankshares by 386,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock worth $141,000 after purchasing an additional 3,861 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Atlantic Union Bankshares during the 1st quarter worth about $179,000. Finally, EMC Capital Management purchased a new stake in Atlantic Union Bankshares in the 1st quarter valued at about $199,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

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.