Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $42.00 to $46.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 8.16% from the company's previous close.

Several other equities analysts have also issued reports on the company. Raymond James cut their target price 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. Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, September 13th. 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 an average price target of $42.00.

View Our Latest Stock Report on Atlantic Union Bankshares

Atlantic Union Bankshares stock traded up $0.64 during midday trading on Friday, reaching $42.53. The stock had a trading volume of 41,014 shares, compared to its average volume of 533,894. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 17.56 and a beta of 0.89. The company has a fifty day moving average of $38.72 and a 200 day moving average of $36.51. Atlantic Union Bankshares has a 52-week low of $30.22 and a 52-week high of $43.57. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. The company had revenue of $358.81 million for the quarter, compared to the consensus estimate of $226.70 million. During the same quarter last year, the firm posted $0.80 EPS. On average, analysts anticipate that Atlantic Union Bankshares will post 2.93 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in AUB. Nomura Asset Management Co. Ltd. raised its position in shares of Atlantic Union Bankshares by 78.8% during 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 period. GAMMA Investing LLC increased its stake in Atlantic Union Bankshares by 88.6% during the third 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 last quarter. UMB Bank n.a. raised its position 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 purchasing an additional 483 shares during the period. Quest Partners LLC acquired a new position in shares of Atlantic Union Bankshares in the 3rd quarter valued at $56,000. Finally, Blue Trust Inc. grew its holdings in shares of Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company's stock worth $79,000 after purchasing an additional 1,095 shares during the period. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

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