Raymond James Upgrades Atlantic Union Bankshares (AUB) Stock, Raises PT

Atlantic Union Bankshares Corporation (NYSE:AUB) is one of the 7 best undervalued stocks to buy now. On June 10, Raymond James upped the company’s stock from “Outperform” to “Strong Buy,” increasing the price objective to $41 from the prior target of $37, as reported by The Fly. The firm’s analysts believe that the stock’s underperformance was mainly due to worries that the Department of Government Efficiency (DOGE) could negatively impact the D.C. economy and the company’s acquisition of Sandy Spring in the D.C. suburbs.

A middle-aged business executive entering the lobby of a modern regional bank.

However, the discussions with Atlantic Union Bankshares Corporation (NYSE:AUB)’s management gave a more positive outlook. Its leadership reaffirmed the 2025 guidance and mentioned numerous optimistic indicators. These include a growing loan pipeline, expansion of core net interest margin (NIM), healthy asset quality, and a strong capital position, which can result in share repurchases. Overall, the analysts cited Atlantic Union Bankshares Corporation (NYSE:AUB)’s attractive valuation and expected improvement in its financial performance over the next 12 months as factors for an upgraded rating and increased price target.

For FY 2025, Atlantic Union Bankshares Corporation (NYSE:AUB) expects net interest income (FTE) of ~$1.15 billion – $1.25 billion and NIM (FTE) of ~3.75% – 4.00%. Furthermore, it expects adjusted operating non-interest income of between ~$165 million – $185 million.

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial holding company and a bank holding company.

While we acknowledge the potential of AUB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than AUB and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.