Atlantic Union Bankshares resumed with an Outperform at Raymond James

Raymond James analyst Steve Moss resumed coverage of Atlantic Union Bankshares with an Outperform rating and $43 price target. The bank’s emphasis has shifted with the hiring of CEO John Asbury in October 2016 to focus on commercial banking opportunities, and take advantage of disruptions at larger competitors to build an even more desirable Virginia franchise, the analyst tells investors in a research note. In the near-term, the firm believes Atlantic Union’s NIM will stabilize.