Atlantic Union Bankshares (AUB) Expected to Announce Earnings on Thursday

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect Atlantic Union Bankshares to post earnings of $0.78 per share and revenue of $222,199.20 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) last released its earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The company had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, analysts expect Atlantic Union Bankshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Atlantic Union Bankshares Stock Up 0.6 %

NASDAQ:AUB opened at $37.81 on Tuesday. The business’s fifty day moving average price is $39.85 and its 200 day moving average price is $38.62. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 15.69 and a beta of 0.93. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares has a 1-year low of $30.43 and a 1-year high of $44.54.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.34 dividend. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.60%. Atlantic Union Bankshares’s dividend payout ratio is currently 56.43%.

Analyst Upgrades and Downgrades

AUB has been the topic of a number of research analyst reports. Raymond James lowered their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price target on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.60.

View Our Latest Report on AUB

About Atlantic Union Bankshares

(Get Free Report)

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.

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Earnings History for Atlantic Union Bankshares (NASDAQ:AUB)

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