U.S. Markets close in 1 hr 52 mins
  • S&P 500

    3,856.35
    +4.50 (+0.12%)
     
  • Dow 30

    31,207.50
    +19.12 (+0.06%)
     
  • Nasdaq

    13,528.42
    +71.17 (+0.53%)
     
  • Russell 2000

    2,144.00
    -16.62 (-0.77%)
     
  • Crude Oil

    53.10
    -0.21 (-0.39%)
     
  • Gold

    1,867.70
    +1.20 (+0.06%)
     
  • Silver

    25.91
    +0.14 (+0.56%)
     
  • EUR/USD

    1.2161
    +0.0046 (+0.3770%)
     
  • 10-Yr Bond

    1.1060
    +0.0160 (+1.47%)
     
  • Vix

    21.42
    -0.16 (-0.74%)
     
  • GBP/USD

    1.3716
    +0.0061 (+0.4472%)
     
  • USD/JPY

    103.5310
    -0.0390 (-0.0377%)
     
  • BTC-USD

    31,699.15
    -3,252.53 (-9.31%)
     
  • CMC Crypto 200

    628.20
    -51.71 (-7.60%)
     
  • FTSE 100

    6,715.42
    -24.97 (-0.37%)
     
  • Nikkei 225

    28,756.86
    +233.60 (+0.82%)
     

Why Atlantic Union (AUB) Stock Might be a Great Pick

Zacks Equity Research
·2 min read

One stock that might be an intriguing choice for investors right now is Atlantic Union Bankshares Corporation AUB. This is because this security in the Banks - Northeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks - Northeast space as it currently has a Zacks Industry Rank of 36 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Atlantic Union is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Atlantic Union Bankshares Corporation Price and Consensus

Atlantic Union Bankshares Corporation Price and Consensus
Atlantic Union Bankshares Corporation Price and Consensus

Atlantic Union Bankshares Corporation price-consensus-chart | Atlantic Union Bankshares Corporation Quote

In fact, over the past month, current quarter estimates have risen from 69 cents per share to 73 cents per share, while current year estimates have risen from $1.65 per share to $1.92 per share. This has helped AUB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Atlantic Union. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot stocks we're targeting >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Atlantic Union Bankshares Corporation (AUB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research