Atlantic Union Bankshares (NASDAQ:AUB) Issues Earnings Results

Atlantic Union Bankshares (NASDAQ:AUB) posted its earnings results on Tuesday. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04), Briefing.com reports. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. The firm had revenue of $288.47 million for the quarter, compared to analyst estimates of $178.82 million. During the same quarter last year, the firm posted $0.63 EPS.

Atlantic Union Bankshares Stock Down 2.8 %

AUB traded down $0.93 during trading hours on Thursday, reaching $32.18. 50,560 shares of the stock traded hands, compared to its average volume of 412,721. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. Atlantic Union Bankshares has a fifty-two week low of $23.32 and a fifty-two week high of $37.86. The firm’s fifty day simple moving average is $33.63 and its two-hundred day simple moving average is $33.14. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 12.20 and a beta of 0.94.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, February 8th. Atlantic Union Bankshares’s dividend payout ratio is presently 47.06%.

Analyst Ratings Changes

AUB has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday. Raymond James boosted their target price on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Stephens lowered their price target on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday.

Insider Buying and Selling at Atlantic Union Bankshares

In related news, Director Donald R. Kimble purchased 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $35.13 per share, with a total value of $245,910.00. Following the completion of the acquisition, the director now directly owns 7,582 shares of the company’s stock, valued at approximately $266,355.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by insiders.

About Atlantic Union Bankshares

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.