Atlantic Union Bankshares Corp (NYSE:AUB) price on Friday, January 17, rose 0.72% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $37.87.
A look at the stock’s price movement, the close in the last trading session was $37.60, moving within a range at $37.48 and $38.28. The beta value (5-Year monthly) was 0.881 while the PE ratio in trailing twelve months stood at 15.73. Turning to its 52-week performance, $44.54 and $30.43 were the 52-week high and 52-week low respectively. Overall, AUB moved -7.29% over the past month.
Atlantic Union Bankshares Corp’s market cap currently stands at around $3.40 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.30, with its dividend yield at 3.43%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 222.2M for the company’s revenue for the quarter, with a low and high estimate of 220.63M and 223.4M respectively. The average forecast suggests up to a 18.69% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 837.47M, representing a 16.83% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AUB is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend AUB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AUB’s current price about 1.36% and -5.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.90, while 7-day volatility ratio is 3.40% and 3.27% in the 30-day chart. Further, Atlantic Union Bankshares Corp (AUB) has a beta value of 0.92, and an average true range (ATR) of 1.19. Analysts have given the company’s stock an average 52-week price target of $46, forecast between a low of $46 and high of $46. Looking at the price targets, the low is -21.47% off current price level while to achieve the yearly target high, price needs to move -21.47%. Nonetheless, investors will most likely welcome a -21.47% jump to $46 which is the analysts’ median price.
If we refocus on Atlantic Union Bankshares Corp (NYSE:AUB), historical trading data shows that trading volumes averaged 0.89 over the past 10 days and 1.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 89.77 million shares.
The 1.08% of Atlantic Union Bankshares Corp’s shares are in the hands of company insiders while institutional holders own 75.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.9 million on 2024-12-31, giving us a short ratio of 5.91. The data shows that as of 2024-12-31 short interest in Atlantic Union Bankshares Corp (AUB) stood at 712.0 of shares outstanding, with shares short rising to 4.02 million registered in 2024-11-29. Current price change has pushed the stock -0.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AUB stock continues to rise going into the next quarter.
