Raymond James double downgraded Atlantic Union Bankshares (AUB) to Market Perform from Strong Buy. The firm cites lower yields on the bank’s new loan originations and changes to its accretion expectations for the downgrade. earnings. Atlantic Union’s initial prepayment assumptions on Sandy Spring Bancorp loans now appear high high as loan accretion has run 25% below projected since the April 1, the analyst tells investors in a research note.
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