Atlantic Union Bankshares Corp (NYSE: AUB). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Limited positive changes in Atlantic Union Bankshares Corp (NYSE: AUB) fundamentals have recently occurred. Positive developments: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred. Negative development: the stock’s power rating fell below 50.
In light of these very positive signals we are reviewing our current Overall Rating of B. 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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Atlantic Union Bankshares has a good Appreciation Score of 78 but a neutral Power Rating of 46, leading to the Positive Value Trend Rating.
Recent Price Action
Atlantic Union Bankshares Corp (NYSE: AUB) stock enjoyed a large increase of 5.0% on 7/11/24. The stock closed at $35.78. Moreover, this advance was accompanied by exceptionally high trading volume at 227% of normal. The stock has performed in line with the market over the last nine months and has risen 7.4% during the last week.
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