Atlantic Union Bankshares assumed with an Overweight at Piper Sandler

Piper Sandler assumed coverage of Atlantic Union Bankshares (AUB) with an Overweight rating and $51 price target. The firm believes the bank is well-positioned to deliver above-peer profitability in the second half of 2025 and 2026 following the close of the pending acquisition with Sandy Spring Bancorp (SASR). Additionally, Atlantic Union continues to build on its unmatched scarcity value within the state of Virginia – and now expanded further into the D.C./MD area, as well as its recent expansion into North Carolina.