Atlantic Union Bankshares Corp (NYSE: AUB) is 18.06% higher on its value in year-to-date trading and has touched a low of $29.24 and a high of $42.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AUB stock was last observed hovering at around $37.86 in the last trading session, with the day’s gains setting it 5.28%.
Currently trading at $43.14, the stock is 13.36% and 14.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.86 million and changing 13.95% at the moment leaves the stock 22.49% off its SMA200. AUB registered 35.87% gain for a year compared to 6-month gain of 27.67%. The firm has a 50-day simple moving average (SMA 50) of $37.7482 and a 200-day simple moving average (SMA200) of $35.1791.
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The stock witnessed a 18.74% loss in the last 1 month and extending the period to 3 months gives it a 17.20%, and is 12.49% up 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 2.80% over the week and 2.71% over the month.
Atlantic Union Bankshares Corp (AUB) has around 1804 employees, a market worth around $3.84B and $1.28B in sales. Current P/E ratio is 17.92 and Fwd P/E is 12.90. Profit margin for the company is 15.35%. Distance from 52-week low is 47.54% and 1.51% from its 52-week high. The company has generated returns on investments over the last 12 months (5.34%).
The EPS is expected to shrink by 0.00% this year
374.0 institutions hold shares in Atlantic Union Bankshares Corp (AUB), with institutional investors hold 76.39% of the company’s shares. The shares outstanding are 89.11M, and float is at 88.15M with Short Float at 3.47%. Institutions hold 75.61% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.08 million shares valued at $429.6 million. The investor’s holdings represent 17.3912 of the AUB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.92 million shares valued at $358.8 million to account for 14.5249 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 5.68 million shares representing 7.5552 and valued at over $186.63 million, while STATE STREET CORP holds 5.8006 of the shares totaling 4.36 million with a market value of $143.29 million.
Atlantic Union Bankshares Corp (AUB) Insider Activity
The most recent transaction is an insider purchase by Ellett Frank Russell, the company’s Director. SEC filings show that Ellett Frank Russell bought 5,000 shares of the company’s common stock on Jun 06 ’24 at a price of $31.71 per share for a total of $0.16 million. Following the purchase, the insider now owns 47334.0 shares.
Atlantic Union Bankshares Corp disclosed in a document filed with the SEC on Jun 07 ’24 that Ellett Frank Russell (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $31.54 per share for $0.16 million. Following the transaction, the insider now directly holds 52334.0 shares of the AUB stock.
Still, SEC filings show that on Jun 10 ’24, Ellett Frank Russell (Director) acquired 4,467 shares at an average price of $30.85 for $0.14 million. The insider now directly holds 56,801 shares of Atlantic Union Bankshares Corp (AUB).
