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Are we looking at the next big move in Atlantic Union Bankshares Corp (AUB)?

Atlantic Union Bankshares Corp (NYSE: AUB) is -7.69% lower on its value in year-to-date trading and has touched a low of $23.32 and a high of $37.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AUB stock was last observed hovering at around $34.83 in the last trading session, with the day’s loss setting it -1.1%.

Currently trading at $33.73, the stock is -1.65% and -1.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.64 million and changing -3.16% at the moment leaves the stock 6.89% off its SMA200. AUB registered -3.46% loss for a year compared to 6-month gain of 17.20%.

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The stock witnessed a 1.78% loss in the last 1 month and extending the period to 3 months gives it a -7.69%, and is -2.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.86% over the week and 2.76% over the month.

Atlantic Union Bankshares Corp (AUB) has around 1804 employees, a market worth around $2.53B and $1.04B in sales. Current P/E ratio is 13.31 and Fwd P/E is 9.99. Profit margin for the company is 18.20%. Distance from 52-week low is 44.64% and -10.91% from its 52-week high. The company has generated returns on investments over the last 12 months (6.30%).

Atlantic Union Bankshares Corp quarterly earnings per share for the current quarter are estimated at $0.71 with sales reaching $189.89M over the same period.The EPS is expected to grow by 7.64% this year, but quarterly earnings will post 23.90% year-over-year. Quarterly sales are estimated to shrink -0.50% in year-over-year returns.

Atlantic Union Bankshares Corp (AUB) Top Institutional Holders

332 institutions hold shares in Atlantic Union Bankshares Corp (AUB), with institutional investors hold 67.67% of the company’s shares. The shares outstanding are 75.02M, and float is at 74.10M with Short Float at 3.98%. Institutions hold 66.97% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 10.98 million shares valued at $284.94 million. The investor’s holdings represent 14.64% of the AUB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 9.17 million shares valued at $237.89 million to account for 12.22% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 4.98 million shares representing 6.64% and valued at over $129.18 million, while State Street Corporation holds 5.48% of the shares totaling 4.11 million with a market value of $106.58 million.

Atlantic Union Bankshares Corp (AUB) Insider Activity

The most recent transaction is an insider purchase by KIMBLE DONALD R,the company’sDirector. SEC filings show that KIMBLE DONALD R bought 7,000 shares of the company’s common stock on Mar 08 ’24 at a price of $35.13 per share for a total of $0.25 million. Following the purchase, the insider now owns 7582.0 shares.

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