In the latest trading session, 2.58 million Atlantic Union Bankshares Corp (NYSE:AUB) shares changed hands as the company’s beta touched 0.88. With the company’s most recent per share price at $36.89 changed hands at -$1.92 or -4.95% at last look, the market valuation stands at $3.31B. AUB’s current price is a discount, trading about -15.21% off its 52-week high of $42.50. The share price had its 52-week low at $26.91, which suggests the last value was 27.05% up since then. When we look at Atlantic Union Bankshares Corp’s average trading volume, we note the 10-day average is 0.31 million shares, with the 3-month average coming to 427.65K.
Analysts gave the Atlantic Union Bankshares Corp (AUB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.75. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AUB as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Atlantic Union Bankshares Corp’s EPS for the current quarter is expected to be 0.81.
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Atlantic Union Bankshares Corp (NYSE:AUB) trade information
Instantly AUB was in red as seen in intraday trades today. With action -4.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 0.96%, with the 5-day performance at -4.45% in the red. However, in the 30-day time frame, Atlantic Union Bankshares Corp (NYSE:AUB) is -4.45% down. Looking at the short shares, we see there were 3.07 million shares sold at short interest cover period of 7.64 days.
The consensus price target for the stock as assigned by Wall Street analysts is 39.5, meaning bulls need an upside of 6.61% from its recent market value. According to analyst projections, AUB’s forecast low is 38 with 41 as the target high. To hit the forecast high, the stock’s price needs a -11.14% plunge from its current level, while the stock would need to soar -3.01% for it to hit the projected low.
Atlantic Union Bankshares Corp (AUB) estimates and forecasts
Data shows that the Atlantic Union Bankshares Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 9.89% over the past 6 months, a 2.03% in annual growth rate that is considerably higher than the industry average of -5.70%. Year-over-year growth is forecast to reach 20.90% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 225.94M. 4 analysts are of the opinion that Atlantic Union Bankshares Corp’s revenue for the current quarter will be 228.64M. The company’s revenue for the corresponding quarters a year ago was 180.44M and 183.5M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.20%. The estimates for the next quarter sales put growth at 24.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.69%. The 2024 estimates are for Atlantic Union Bankshares Corp earnings to increase by 0.65%, but the outlook for the next 5-year period is at 8.00% per year.
AUB Dividends
Atlantic Union Bankshares Corp is expected to release its next quarterly earnings report on 2024-Oct-22. The 3.47% annual yield figure for the share gives it an annual dividend of 1.28. It is important to note, however, that the 3.47% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.43 per year.
Atlantic Union Bankshares Corp (NYSE:AUB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.03% of Atlantic Union Bankshares Corp shares while 75.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.33%. There are 75.55% institutions holding the Atlantic Union Bankshares Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 17.3912% of the shares, roughly 13.08 million AUB shares worth $429.6 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 14.5249% or 10.92 million shares worth $358.8 million as of 2024-06-30.
