Atlantic Union Bankshares (NASDAQ:AUB) announced its quarterly earnings results on Monday. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.19, MarketWatch Earnings reports. Atlantic Union Bankshares had a return on equity of 6.11% and a net margin of 19.47%.
NASDAQ AUB traded down $1.25 on Wednesday, hitting $33.21. 9,717 shares of the company’s stock were exchanged, compared to its average volume of 239,292. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average price is $34.32 and its two-hundred day moving average price is $30.05. Atlantic Union Bankshares has a fifty-two week low of $18.55 and a fifty-two week high of $38.00. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 17.58 and a beta of 1.41.
In related news, EVP Loreen A. Lagatta sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $29.90, for a total value of $83,720.00. Following the sale, the executive vice president now owns 13,000 shares in the company, valued at approximately $388,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank Russell Ellett purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, December 29th. The stock was purchased at an average price of $32.84 per share, for a total transaction of $98,520.00. Following the acquisition, the director now owns 6,708 shares in the company, valued at $220,290.72. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,000 shares of company stock worth $227,070 in the last quarter. 1.90% of the stock is currently owned by insiders.
Atlantic Union Bankshares Company Profile
Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.
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