Atlantic Union Bankshares (NASDAQ:AUB) Given New $40.00 Price Target at Hovde Group

Atlantic Union Bankshares (NASDAQ:AUB) had its price target decreased by equities research analysts at Hovde Group from $46.00 to $40.00 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Hovde Group’s target price points to a potential upside of 22.41% from the company’s current price.

Several other equities research analysts have also issued reports on AUB. Keefe, Bruyette & Woods reduced their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Thursday, January 30th. Piper Sandler assumed coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned 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 $43.20.

Atlantic Union Bankshares Stock Up 0.1 %

Shares of Atlantic Union Bankshares stock opened at $32.68 on Monday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 14.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares has a 52-week low of $30.43 and a 52-week high of $44.54. The stock has a 50-day simple moving average of $36.17 and a 200-day simple moving average of $38.09.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AUB. North Reef Capital Management LP bought a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at approximately $78,942,000. American Century Companies Inc. raised its stake in shares of Atlantic Union Bankshares by 3,195.3% in the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company’s stock valued at $40,004,000 after acquiring an additional 1,024,025 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Atlantic Union Bankshares by 62.0% in the 4th quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company’s stock valued at $98,029,000 after acquiring an additional 990,583 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Atlantic Union Bankshares by 275.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company’s stock worth $38,129,000 after buying an additional 757,014 shares during the period. Finally, Schroder Investment Management Group bought a new position in Atlantic Union Bankshares in the 4th quarter worth approximately $25,490,000. 78.58% of the stock is owned by 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.