Atlantic Union Bankshares Corp (NYSE: AUB) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Atlantic Union Bankshares Corp (NYSE: AUB). Significant positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AUB is expected to continue to be a Value Builder.
Atlantic Union Bankshares has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Atlantic Union Bankshares has a slightly positive Power Rating of 66 and a good Appreciation Score of 77, resulting in the Highest Value Trend Rating.
Recent Price Action
Atlantic Union Bankshares Corp (NYSE: AUB) stock closed at $34.13 on 5/9/24 after an increase of 1.0%. However, trading volume in this advance was unusually low at 54% of normal. The stock has risen 4.6% during the last week and has been strong relative to the market over the last nine months.
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