why Atlantic Union Bankshares Corp [AUB] is a Good Choice for Investors After New Price Target of $42.00

Atlantic Union Bankshares Corp [NYSE: AUB] traded at a low on Monday, posting a -6.70 loss after which it closed the day’ session at $36.21.

The results of the trading session contributed to over 8525883 shares changing hands. Over the past one week, the price volatility of Atlantic Union Bankshares Corp stands at 2.66% while the volatility over the past one month is 2.46%.

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The market cap for AUB stock reached $3.25 billion, with 89.78 million shares outstanding and 88.82 million shares in the current float. Compared to the average trading volume of 427.65K shares, AUB reached a trading volume of 8525883 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Atlantic Union Bankshares Corp [AUB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AUB shares is $42.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AUB stock is a recommendation set at 1.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Hovde Group have made an estimate for Atlantic Union Bankshares Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 13, 2024. While these analysts kept the previous recommendation, Hovde Group raised their target price from $40 to $46. The new note on the price target was released on July 26, 2024, representing the official price target for Atlantic Union Bankshares Corp stock. Previously, the target price had yet another raise to $36, while Stephens analysts kept a Overweight rating on AUB stock. On April 06, 2023, analysts decreased their price target for AUB shares from 42 to 36.

The Average True Range (ATR) for Atlantic Union Bankshares Corp is set at 1.13, with the Price to Sales ratio for AUB stock in the period of the last 12 months amounting to 2.72. The Price to Book ratio for the last quarter was 1.02. Price to Free Cash Flow for AUB in the course of the last twelve months was 11.99.

How has AUB stock performed recently?

Atlantic Union Bankshares Corp [AUB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.22. With this latest performance, AUB shares dropped by -6.22% in over the last four-week period, additionally plugging by 7.86% over the last 6 months – not to mention a rise of 21.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AUB stock in for the last two-week period is set at 40.93, with the RSI for the last a single of trading hit 36.31, and the three-weeks RSI is set at 43.82 for Atlantic Union Bankshares Corp [AUB]. The present Moving Average for the last 50 days of trading for this stock 37.72, while it was recorded at 38.57 for the last single week of trading, and 35.06 for the last 200 days.

Atlantic Union Bankshares Corp [AUB]: Deeper insight into the fundamentals

Atlantic Union Bankshares Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.04.

Earnings analysis for Atlantic Union Bankshares Corp [AUB]

With the latest financial reports released by the company, Atlantic Union Bankshares Corp posted 0.8/share EPS, while the average EPS was predicted by analysts to be reported at 0.74/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AUB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Atlantic Union Bankshares Corp go to 8.00%.

Insider trade positions for Atlantic Union Bankshares Corp [AUB]

There are presently around $75.55%, or 76.33%% of AUB stock, in the hands of institutional investors. The top three institutional holders of AUB stocks are: BLACKROCK INC. with ownership of 13.08 million shares, which is approximately 17.3912%. VANGUARD GROUP INC, holding 10.92 million shares of the stock with an approximate value of $$358.8 million in AUB stocks shares; and VANGUARD GROUP INC, currently with $$186.63 million in AUB stock with ownership which is approximately 7.5552%.

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