On Jan. 05, Ellett Frank Russell invested U.S. $32,822 in shares of Atlantic Union Bankshares Corporation. The Dir acquired 1,000 shares at a cost per share of $32.82. The transaction increased this specific insider’s holdings to 12,708 shares worth around $0.47 million at present.
Meanwhile, Stephens had raised its rating on AUB to “an Overweight” from the earlier “an Equal-weight”, in a research note produced for clients May 05, 2020. In addition, there was a downgrade from Raymond James on April 29, 2020. The rater changed AUB from “an Outperform” to “a Mkt perform”.
Is Atlantic Union Bankshares Corporation [NASDAQ:AUB] a Good Buy Right Now?
It should be noted that AUB technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Atlantic Union Bankshares Corporation’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.27 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.25 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.25 million shares.
AUB Price Performance
On Wall Street, Atlantic Union Bankshares Corporation [NASDAQ:AUB] finished Thursday’s session up 1.59% at $36.96. The stock went up to $37.49 at the same session while its lowest single day price was $36.52. In the last five days, it saw a rise of about 13.20%, Atlantic Union Bankshares Corporation shares gained by almost 12.20% since the beginning of the year. However, the share price has dropped to as low as -0.83% below its one year high. On 01/07/21, the company shares recorded $37.49, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $31.75. The company’s shares have inclined by 0.49% in the past year. The 50-day SMA achieved is $30.72 while the 200-day SMA is $24.79. Volume dropped to 0.32 million from 0.46 million in the previous session.
Atlantic Union Bankshares Corporation [AUB] Valuation Measures
Notably, Atlantic Union Bankshares Corporation [AUB] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 19.31. The measure means the stock is exchanging at a premium as compared to the 11.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.33 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.42 which means AUB serve an unattractive investment opportunity compared to its competitors.
AUB Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 36.49 level, and in case of violation of this particular level, it will cause more drop to 36.02 level. On the upper level, 37.96 is still the key resistance. The stock may increase to the subsequent resistance at 37.46. The Relative Strength Index (RSI) pinned on the 14-day chart is 72.91, implying a overbought technical stance while the MACD stands at 2.20, meaning price will increase in the next trading period. Percent R indicator moved to 8.75%, implying bullish price movement. Stochastic %K at 80.99% suggest selling the stock.
What is the short interest in Atlantic Union Bankshares Corporation?
Short interest in the Atlantic Union Bankshares Corporation stock has plunged, decreasing by 80000.0 shares to total 1.42 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.34 million, data from Yahoo Finance shows. The increase of 5.63% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.83% of the overall float for the stock.
Atlantic Union Bankshares Corporation’s Biggest Shareholders: Who Owns Atlantic Union Bankshares Corporation [AUB]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 6,873,852 shares or roughly 8.73% of the outstanding AUB shares. This means their shares have reduced by -436,153 from the 6,873,852 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Wellington Management Co. LLP updated stake is worth $197,694,063. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -5.69% stake valued at $141,101,472 while Dimensional Fund Advisors LP cut theirs at $139,298,856. During the last quarter, BlackRock Fund Advisors liquidated -284,659 of its shares in Atlantic Union Bankshares Corporation while Dimensional Fund Advisors LP sold -6,810 shares. The Henderson Global Investors Ltd.’s holdings currently number 2,814,947 shares at $104040441.12. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 1,933,748 shares, roughly $57,838,403.
AUB Earnings Forecast For The Current Quarter
Atlantic Union Bankshares Corporation [AUB] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $170.17M and an earnings per share of $0.65 for Dec 2020. Looking further ahead, the company is expected to report revenue of $173.75M at an EPS of $0.73 for Mar 2021. The estimates represent upside of -2.90% and 25.33% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AUB Earnings Estimates For The Current Year
For the financial year, Atlantic Union Bankshares Corporation [NASDAQ:AUB] is expected to bring in revenue of $677.41M. The returns are nearly $6.72 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.89, lower than that of FY19 by -$0.86. Estimates put this year’s earnings growth at -31.30%, 25.40% for the next, and at an annual 8.00% over the next 5-year period. As for sales, forecasts are for an increase of 1.00% in the current fiscal year and a further -2.90% over the following year.
What are analyst thoughts on Atlantic Union Bankshares Corporation?
Looking forward to the Atlantic Union Bankshares Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Atlantic Union Bankshares Corporation stock at $30.00 within the next 12 months, which represents almost -23.2 per cent growth from its previous closing price of $36.96. The highest analysts’ target for Atlantic Union Bankshares Corporation stock projections is $36.00 and the lowest one is $30.00. Still, 6 analysts sharing their consensus rating for AUB stock in 2021 agree that it is an Overweight.