Atlantic Union Bankshares Corp
NASDAQ:AUB
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%.
Valuation Backtest
Atlantic Union Bankshares Corp
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Fundamental Analysis
Atlantic Union Posts Positive Performance
2023-Q4 Earnings Call
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.
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 |
Wall St
Price Targets
AUB Price Targets Summary
Atlantic Union Bankshares Corp
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.
Ownership
AUB Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
AUB Price
Atlantic Union Bankshares Corp
Average Annual Return | 6.13% |
Standard Deviation of Annual Returns | 15.83% |
Max Drawdown | -50% |
Market Capitalization | 2.6B USD |
Shares Outstanding | 75 016 858 |
Percentage of Shares Shorted | 4.56% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.