Atlantic Union Bankshares (NASDAQ:AUB) Issues Quarterly Earnings Results

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

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ:AUB opened at $33.18 on Thursday. The company’s 50 day moving average price is $33.63 and its two-hundred day moving average price is $33.14. Atlantic Union Bankshares has a 12-month low of $23.32 and a 12-month high of $37.86. The firm has a market cap of $2.50 billion, a PE ratio of 11.07 and a beta of 0.94. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.86%. Atlantic Union Bankshares’s payout ratio is presently 47.06%.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were purchased at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the transaction, the director now directly owns 7,582 shares in the company, valued at approximately $266,355.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

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

Atlantic Union Bankshares Company Profile

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.