Atlantic Union Bankshares (AUB) to Release Quarterly Earnings on Tuesday

Atlantic Union Bankshares (NASDAQ:AUB) is expected to issue its results before the market opens on Tuesday, April 21st. Analysts expect the company to announce earnings of $0.9230 per share and revenue of $391.2410 million for the quarter.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The business had revenue of $391.33 million for the quarter, compared to analysts’ expectations of $378.95 million. During the same period in the previous year, the company posted $0.67 earnings per share. On average, analysts expect Atlantic Union Bankshares to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Atlantic Union Bankshares Trading Up 2.7%

NASDAQ AUB opened at $38.85 on Friday. The company’s fifty day simple moving average is $37.21 and its 200-day simple moving average is $36.13. Atlantic Union Bankshares has a 52 week low of $24.01 and a 52 week high of $42.18. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.56 billion, a P/E ratio of 16.97 and a beta of 0.82.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s payout ratio is presently 72.55%.

Analyst Upgrades and Downgrades

AUB has been the topic of a number of recent research reports. Zacks Research cut shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Piper Sandler upped their price target on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a report on Thursday, February 5th. Morgan Stanley upped their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Finally, Stephens upped their price target on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.17.

Institutional Trading of Atlantic Union Bankshares

Several institutional investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC raised its holdings in Atlantic Union Bankshares by 1.5% in the second quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock valued at $688,000 after acquiring an additional 322 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Atlantic Union Bankshares by 1.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 20,835 shares of the company’s stock valued at $735,000 after acquiring an additional 347 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Atlantic Union Bankshares by 5.7% in the third quarter. Mackenzie Financial Corp now owns 9,137 shares of the company’s stock valued at $322,000 after acquiring an additional 492 shares in the last quarter. Vista Investment Management increased its stake in Atlantic Union Bankshares by 5.3% during the fourth quarter. Vista Investment Management now owns 11,646 shares of the company’s stock valued at $411,000 after purchasing an additional 590 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of Atlantic Union Bankshares by 11.4% during the fourth quarter. Wealthspire Advisors LLC now owns 5,866 shares of the company’s stock worth $207,000 after purchasing an additional 599 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.