Atlantic Union Bankshares Corp (NYSE: AUB) Slashes -0.50%: The Most Likely Path Going Forward

Atlantic Union Bankshares Corp (NYSE:AUB) shares, rose in value on Friday, November 01, with the stock price down by -0.50% to the previous day’s close as strong demand from buyers drove the stock to $37.61.

Actively observing the price movement in the last trading, the stock closed the session at $37.80, falling within a range of $37.6 and $38.475. The value of beta (5-year monthly) was 0.882 whereas the PE ratio was 15.63 over 12-month period. Referring to stock’s 52-week performance, its high was $42.50, and the low was $28.24. On the whole, AUB has fluctuated by 3.75% over the past month.

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With the market capitalization of Atlantic Union Bankshares Corp currently standing at about $3.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-21. The company’s Forward Dividend Ratio is 1.28, with its dividend yield at 3.40%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 837.42M, with a low estimate of 220.63M and a high estimate of 223.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 222.26M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AUB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.95, with the price of AUB currently trading nearly -0.06% and -0.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.84, while the 7-day volatility ratio is showing 2.37% which for the 30-day chart, stands at 2.49%. Furthermore, Atlantic Union Bankshares Corp (AUB)’s beta value is 0.88, and its average true range (ATR) is 1.03.

A comparison of Atlantic Union Bankshares Corp (AUB) with its peers suggests the former has fared considerably weaker in the market. AUB showed an intraday change of -0.50% in last session, and over the past year, it grew by 30.36%%.

Data on historical trading for Atlantic Union Bankshares Corp (NYSE:AUB) indicates that the trading volumes over the past 10 days have averaged 2.16 and over the past 3 months, they’ve averaged 671.84K. According to company’s latest data on outstanding shares, there are 89.77 million shares outstanding.

Nearly 1.07% of Atlantic Union Bankshares Corp’s shares belong to company insiders and institutional investors own 73.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.06 million shares as on 2024-10-15, resulting in a short ratio of 7.93. According to the data, the short interest in Atlantic Union Bankshares Corp (AUB) stood at 445.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.2 million. The stock has risen by 2.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AUB stock heading into the next quarter.

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