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

Atlantic Union Bankshares (NASDAQ:AUB) had its price target lowered by Keefe, Bruyette & Woods from $46.00 to $44.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 16.80% from the stock’s previous close.

Several other equities analysts have also weighed in on AUB. Raymond James cut their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Hovde Group dropped their price objective on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price for the company. One research 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, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and a consensus target price of $44.40.

Atlantic Union Bankshares Price Performance

NASDAQ AUB opened at $37.67 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $3.38 billion, a PE ratio of 15.59 and a beta of 0.93. Atlantic Union Bankshares has a 12 month low of $30.43 and a 12 month high of $44.54. The company’s 50 day simple moving average is $39.18 and its 200 day simple moving average is $38.76.

Institutional Trading of Atlantic Union Bankshares

Large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Atlantic Union Bankshares during the 4th quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. increased its position in Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after buying an additional 410 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Atlantic Union Bankshares by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after purchasing an additional 489 shares during the period. UMB Bank n.a. boosted its holdings in Atlantic Union Bankshares by 77.7% in the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Atlantic Union Bankshares during the third quarter worth about $56,000. 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.