Analyst Brian Wilczynski of Morgan Stanley maintained a Hold rating on Atlantic Union Bankshares (AUB – Research Report), with a price target of $32.00.
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Brian Wilczynski’s rating is based on a combination of factors, including Atlantic Union Bankshares’ strong credit quality and market position, which are counterbalanced by concerns about its loan growth prospects. The bank’s recent acquisition has increased its asset base, yet there is a cautious outlook on loan growth due to weaker industry-wide demand and a strategic shift from commercial real estate to commercial and industrial loans.
Despite the bank’s solid underwriting track record and granular deposit portfolio, Wilczynski anticipates downside risks to consensus earnings estimates. These risks stem from the bank’s geographic footprint and the potential impact of fiscal policy changes, which could affect loan growth more than its peers. As a result, the Hold rating reflects a balanced view of the bank’s strengths and the challenges it faces in the current economic environment.
According to TipRanks, Wilczynski is ranked #7567 out of 9290 analysts.