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Atlantic Union Bankshares Corp
NASDAQ:AUB

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Atlantic Union Bankshares Corp Logo
Atlantic Union Bankshares Corp
NASDAQ:AUB
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Price: 35.31 USD -0.62% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. [ Read More ]

The intrinsic value of one AUB stock under the Base Case scenario is 43.18 USD. Compared to the current market price of 35.31 USD, Atlantic Union Bankshares Corp is Undervalued by 18%.

Key Points:
AUB Intrinsic Value
Base Case
43.18 USD
Undervaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Atlantic Union Bankshares Corp

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Fundamental Analysis

Atlantic Union Posts Positive Performance
2023-Q4 Earnings Call

Atlantic Union Posts Positive Performance

Atlantic Union Bank reported a solid year in 2023 with positive adjusted operating leverage of 1%. Adjusted revenue grew by approximately 2.8%, with adjusted operating non-interest expenses increasing around 1.8%. Pre-tax pre-provision adjusted operating earnings rose by 5% year over year, while total deposits saw a 5.6% increase. The bank experienced strong annualized loan growth of 9.1% in Q4, contributing to a full-year increase of 8.2%. Notably, Atlantic Union expects mid-single-digit loan growth for 2024, with a forecasted net interest margin between 3.3% to 3.4%. They also predict a mid-single-digit increase in net interest income for 2024 from 2023, under the assumption that the Fed will cut rates thrice in 2024. Adjusted operating revenue is expected to outpace low single-digit growth in adjusted operating non-interest expense, generating positive adjusted operating leverage in 2024.

Financials

Balance Sheet Decomposition
Atlantic Union Bankshares Corp

Net Loans 15.5B
Investments 3.3B
PP&E 167.4m
Intangibles 944.4m
Other Assets 1.2B
Total Deposits 16.8B
Short Term Debt 920.8m
Long Term Debt 398.1m
Other Liabilities 472.8m
Efficiency

Wall St
Price Targets

AUB Price Targets Summary
Atlantic Union Bankshares Corp

Wall Street analysts forecast AUB stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for AUB is 40.39 USD with a low forecast of 36.36 USD and a high forecast of 45.15 USD.

Lowest
Price Target
36.36 USD
3% Upside
Average
Price Target
40.39 USD
14% Upside
Highest
Price Target
45.15 USD
28% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

AUB Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

AUB Price
Atlantic Union Bankshares Corp

1M 1M
+6%
6M 6M
+23%
1Y 1Y
+2%
3Y 3Y
+0%
5Y 5Y
+25%
10Y 10Y
+82%
Annual Price Range
35.31
52w Low
23.32
52w High
37.63
Price Metrics
Average Annual Return 6.13%
Standard Deviation of Annual Returns 15.83%
Max Drawdown -50%
Shares Statistics
Market Capitalization 2.6B USD
Shares Outstanding 75 016 858
Percentage of Shares Shorted 4.56%

AUB Return Decomposition
Main factors of price return

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Company Profile

Atlantic Union Bankshares Corp Logo
Atlantic Union Bankshares Corp

Country

United States of America

Industry

Banking

Market Cap

2.6B USD

Dividend Yield

3.6%

Description

Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. The company is headquartered in Richmond, Virginia and currently employs 1,876 full-time employees. The firm operates through its traditional full-service community banking segment. The company is engaged in providing financing for an array of equipment types, including marine, tractors, trailers, buses, construction, manufacturing and medical, among others. Certain non-bank financial services affiliates of the Bank include Atlantic Union Equipment Finance, Inc., which provides equipment financing; Dixon, Hubard, Feinour & Brown, Inc., which provides investment advisory services; Atlantic Union Financial Consultants, LLC, which provides brokerage services, and Union Insurance Group, LLC, which offers various lines of insurance products. The Bank has approximately 114 branches and approximately 135 automated teller machines (ATMs) located throughout Virginia, and in portions of Maryland and North Carolina.

Contact

VIRGINIA
Richmond
1051 E Cary St Ste 1200
+18009904828.0
https://investors.atlanticunionbank.com/company-info/corporate-profile/default.aspx

IPO

1993-10-06

Employees

1 876

Officers

President, CEO & Director
Mr. John C. Asbury
Executive VP & CFO
Mr. Robert Michael Gorman
Executive VP & Wholesale Banking Group Executive
Mr. David V. Ring
Executive Vice President
Mr. Shawn E. O'Brien
Senior VP & Director of Investor Relations
Mr. William P. Cimino
Executive VP, General Counsel & Corporate Secretary
Ms. Rachael R. Lape
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Senior VP & Head of Corporate Communications
Ms. Beth Shivak
Executive VP & Chief Human Resources Officer
Ms. Clare Miller
Executive VP & Chief Credit Officer
Mr. Douglas F. Woolley III
Show Less

See Also

Discover More
What is the Intrinsic Value of one AUB stock?

The intrinsic value of one AUB stock under the Base Case scenario is 43.18 USD.

Is AUB stock undervalued or overvalued?

Compared to the current market price of 35.31 USD, Atlantic Union Bankshares Corp is Undervalued by 18%.