Atlantic Union Bankshares (AUB) Expected to Announce Quarterly Earnings on Thursday

Atlantic Union Bankshares (NASDAQ:AUB) is expected to release 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. Investors that wish to register for the company’s conference call can do so using this link.

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 return on equity of 8.85% and a net margin of 16.25%. The firm had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. During the same quarter in the prior year, the business posted $0.80 EPS. 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 Stock Performance

Shares of AUB opened at $38.27 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $39.76 and a 200-day moving average price of $38.67. Atlantic Union Bankshares has a 12 month low of $30.43 and a 12 month high of $44.54. The firm has a market cap of $3.44 billion, a PE ratio of 15.88 and a beta of 0.93.

Atlantic Union Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.34 per share. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 56.43%.

Analyst Ratings Changes

AUB has been the topic of several analyst reports. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price target on the stock. Keefe, Bruyette & Woods raised their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Finally, Raymond James dropped their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $44.60.

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.