Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01, Briefing.com reports. Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. The business had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. During the same quarter in the prior year, the business earned $0.80 EPS.
Atlantic Union Bankshares Stock Performance
NASDAQ AUB opened at $36.46 on Wednesday. The firm has a 50-day moving average price of $37.81 and a two-hundred day moving average price of $35.39. Atlantic Union Bankshares has a 12-month low of $26.91 and a 12-month high of $42.50. The company has a market capitalization of $3.27 billion, a P/E ratio of 13.40 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14.
Atlantic Union Bankshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Friday, August 9th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 47.06%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on AUB
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.
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