Atlantic Union Bankshares Corp (NYSE: AUB)’s stock price has gone rise by 9.56 in comparison to its previous close of 37.86, however, the company has experienced a 8.16% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-10-31 that All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week.
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 17.23x. The 36-month beta value for AUB is also noteworthy at 0.88. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AUB is 88.81M, and at present, short sellers hold a 3.45% of that float. The average trading volume of AUB on November 06, 2024 was 673.69K shares.
AUB’s Market Performance
AUB stock saw an increase of 8.16% in the past week, with a monthly gain of 14.18% and a quarterly increase of 12.69%. The volatility ratio for the week is 2.29%, and the volatility levels for the last 30 days are 2.55% for Atlantic Union Bankshares Corp (AUB). The simple moving average for the past 20 days is 9.24% for AUB’s stock, with a 17.81% simple moving average for the past 200 days.
Analysts’ Opinion of AUB
Many brokerage firms have already submitted their reports for AUB stocks, with Hovde Group repeating the rating for AUB by listing it as a “Outperform.” The predicted price for AUB in the upcoming period, according to Hovde Group is $45 based on the research report published on September 13, 2024 of the current year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see AUB reach a price target of $46, previously predicting the price at $40. The rating they have provided for AUB stocks is “Outperform” according to the report published on July 26th, 2024.
Stephens gave a rating of “Overweight” to AUB, setting the target price at $36 in the report published on September 13th of the previous year.
AUB Trading at 9.72% 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 -2.40% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares surge +12.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.12% upper at present.
During the last 5 trading sessions, AUB rose by +7.09%, which changed the moving average for the period of 200-days by +16.35% in comparison to the 20-day moving average, which settled at $37.95. In addition, Atlantic Union Bankshares Corp saw 13.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AUB starting from Ellett Frank Russell, who purchase 5,000 shares at the price of $31.71 back on Jun 06 ’24. After this action, Ellett Frank Russell now owns 47,334 shares of Atlantic Union Bankshares Corp, valued at $158,550 using the latest closing price.
Ellett Frank Russell, the Director of Atlantic Union Bankshares Corp, purchase 5,000 shares at $31.54 during a trade that took place back on Jun 07 ’24, which means that Ellett Frank Russell is holding 52,334 shares at $157,700 based on the most recent closing price.
Stock Fundamentals for AUB
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 1.25 for the gross margin
The net margin for Atlantic Union Bankshares Corp stands at 0.58. The total capital return value is set at 0.01. Equity return is now at value 7.48, with 0.91 for asset returns.
Based on Atlantic Union Bankshares Corp (AUB), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 3.74.
Currently, EBITDA for the company is 233.11 million with net debt to EBITDA at -7.83. When we switch over and look at the enterprise to sales, we see a ratio of 12.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In summary, Atlantic Union Bankshares Corp (AUB) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
