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

Atlantic Union Bankshares (NASDAQ:AUB) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Atlantic Union Bankshares to post earnings of $0.78 per share and revenue of $222,199.20 billion for the quarter.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. The firm had revenue of $358.81 million during the quarter, compared to the consensus estimate of $226.70 million. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, analysts expect Atlantic Union Bankshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Atlantic Union Bankshares Price Performance

AUB stock opened at $38.05 on Thursday. Atlantic Union Bankshares has a 1 year low of $30.43 and a 1 year high of $44.54. The company has a market cap of $3.42 billion, a P/E ratio of 15.79 and a beta of 0.93. The firm has a 50-day moving average of $40.22 and a 200 day moving average of $38.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.34 per share. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.57%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 56.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. Raymond James dropped their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Finally, Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a report on Monday. They issued an “overweight” rating and a $51.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.60.

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.