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

Atlantic Union Bankshares (NASDAQ:AUB) had its target price reduced by analysts at Keefe, Bruyette & Woods from $46.00 to $44.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 16.80% from the company’s current price.

A number of other equities research analysts also recently commented on AUB. Piper Sandler began coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 price target for the company. Raymond James cut their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Hovde Group dropped their price target on Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Atlantic Union Bankshares Trading Up 0.9 %

Shares of Atlantic Union Bankshares stock opened at $37.67 on Thursday. The company has a market cap of $3.38 billion, a P/E ratio of 15.59 and a beta of 0.93. The firm has a 50-day simple moving average of $39.18 and a two-hundred day simple moving average of $38.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares has a fifty-two week low of $30.43 and a fifty-two week high of $44.54.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new position in Atlantic Union Bankshares during the 4th quarter valued at about $28,000. Nomura Asset Management Co. Ltd. grew its stake 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 buying an additional 410 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after acquiring an additional 489 shares during the period. UMB Bank n.a. lifted its holdings in shares of Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after acquiring an additional 483 shares during the period. Finally, Quest Partners LLC bought a new position in Atlantic Union Bankshares during the 3rd quarter valued at about $56,000. Institutional investors and hedge funds 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.