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

Atlantic Union Bankshares (NASDAQ:AUB) released 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 firm had revenue of $288.47 million for the quarter, compared to analyst estimates 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 EPS.

Atlantic Union Bankshares Stock Up 0.9 %

Atlantic Union Bankshares stock opened at $33.18 on Thursday. 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 1-year low of $23.32 and a 1-year high of $37.86. The company has a market cap of $2.50 billion, a PE ratio of 11.07 and a beta of 0.94. The stock’s 50 day moving average price is $33.63 and its 200 day moving average price is $33.14.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.32 dividend. 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 dividend payout ratio (DPR) is presently 47.06%.

Insider Activity at Atlantic Union Bankshares

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James boosted their target price on 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 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 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.