Atlantic Union Bankshares, Sandy Spring Bancorp get approval to complete merger
Written by Emily J. Thompson, Senior Investment Analyst
Source: Business Insider
Merger Announcement: Atlantic Union Bankshares and Sandy Spring Bancorp have received regulatory approvals to complete their all-stock merger, with Sandy Spring Bank merging into Atlantic Union Bank afterward.
Market Insights: The news highlights investment opportunities and stock performance analysis through platforms like TipRanks, emphasizing the importance of staying informed in the financial market.
Analyst Views on AUB
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 41.70 USD with a low forecast of 40.00 USD and a high forecast of 44.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 38.360
Low
40.00
Averages
41.70
High
44.00
Current: 38.360
Low
40.00
Averages
41.70
High
44.00
About AUB
Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank (the Bank), which provides banking and related financial products and services to consumers and businesses. The Bank has branches and ATMs located in Virginia, Maryland and North Carolina. It operates through two segments: Wholesale Banking and Consumer Banking. Its Wholesale Banking segment provides loan, leasing, and deposit services, as well as treasury management and capital market services to wholesale customers primarily throughout Virginia, Maryland, North Carolina, and South Carolina. These customers include commercial and industrial customers. This segment also includes its equipment finance subsidiary and its wealth management business. Its Consumer Banking segment provides loan and deposit services to consumers and small businesses throughout Virginia, Maryland, and North Carolina. Consumer Banking includes the home loan division and investment management, and advisory services businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
