Atlantic Union Bankshares Corp (AUB) Shares Down Despite Recent Market Volatility

The stock of Atlantic Union Bankshares Corp (NYSE: AUB) has decreased by -3.16 when compared to last closing price of 34.83. Despite this, the company has experienced a -2.66% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-13 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Atlantic Union (AUB) have what it takes?

Is It Worth Investing in Atlantic Union Bankshares Corp (NYSE: AUB) Right Now?

The price-to-earnings ratio for Atlantic Union Bankshares Corp (NYSE: AUB) is above average at 13.31x. The 36-month beta value for AUB is also noteworthy at 0.92. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for AUB is 74.10M, and at present, short sellers hold a 3.98% of that float. The average trading volume of AUB on April 03, 2024 was 342.95K shares.

AUB’s Market Performance

AUB stock saw an increase of -2.66% in the past week, with a monthly gain of 1.78% and a quarterly increase of -7.69%. The volatility ratio for the week is 2.86%, and the volatility levels for the last 30 days are 2.76% for Atlantic Union Bankshares Corp (AUB). The simple moving average for the past 20 days is -1.65% for AUB’s stock, with a 6.89% simple moving average for the past 200 days.

Analysts’ Opinion of AUB

Many brokerage firms have already submitted their reports for AUB stocks, with Stephens repeating the rating for AUB by listing it as a “Overweight.” The predicted price for AUB in the upcoming period, according to Stephens is $36 based on the research report published on September 13, 2023 of the previous year 2023.

Keefe Bruyette, on the other hand, stated in their research note that they expect to see AUB reach a price target of $36, previously predicting the price at $42. The rating they have provided for AUB stocks is “Mkt Perform” according to the report published on April 06th, 2023.

Raymond James gave a rating of “Outperform” to AUB, setting the target price at $43 in the report published on March 03rd of the previous year.

AUB Trading at -1.17% from the 50-Day Moving Average

After a stumble in the market that brought AUB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.91% of loss for the given period.

Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares surge +2.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.68% lower at present.

During the last 5 trading sessions, AUB fell by -2.66%, which changed the moving average for the period of 200-days by +20.12% in comparison to the 20-day moving average, which settled at $34.34. In addition, Atlantic Union Bankshares Corp saw -7.69% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AUB starting from KIMBLE DONALD R, who purchase 7,000 shares at the price of $35.13 back on Mar 08 ’24. After this action, KIMBLE DONALD R now owns 7,582 shares of Atlantic Union Bankshares Corp, valued at $245,910 using the latest closing price.

Stock Fundamentals for AUB

The total capital return value is set at 0.01. Equity return is now at value 8.19, with 0.97 for asset returns.

Based on Atlantic Union Bankshares Corp (AUB), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24.

Currently, EBITDA for the company is 233.11 million with net debt to EBITDA at 26.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.

Conclusion

In summary, Atlantic Union Bankshares Corp (AUB) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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