Recent meaningful positive changes in fundamentals have benefitted Atlantic Union Bankshares Corp (NYSE: AUB): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Atlantic Union Bankshares Corp (NYSE: AUB): its longer term price trend turned up.
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
AUB is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 good Appreciation Score of 70 and a very high Power Rating of 88, and the Highest Value Trend Rating results.
Recent Price Action
Atlantic Union Bankshares Corp (NYSE: AUB) stock declined slightly by -0.3% on 1/12/24. The stock closed at $35.19. However, this decline was accompanied by unusually low trading volume at 52% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.7% during the last week.
Be the first to comment