Atlantic Union Bankshares ( (AUB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Atlantic Union Bankshares’ stock has been under pressure following its first-quarter earnings report, which revealed an adjusted EPS of 57 cents, missing the consensus estimate of 70 cents. This earnings shortfall has prompted analysts to revise their stock price targets, reflecting the company’s ongoing challenges in meeting earnings expectations. Despite the positive news of a merger with Sandy Spring, the company is still facing difficulties in balancing credit quality with loan growth. Additionally, the uncertainty of potential policy changes under a new administration is contributing to a cautious outlook, leading to further reassessments by analysts.
More about Atlantic Union Bankshares
YTD Price Performance: -29.81%
Average Trading Volume: 1,576,860
Technical Sentiment Signal: Buy
Current Market Cap: $3.37B
For further insights into AUB stock on TipRanks’ Stock Analysis page.
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