Atlantic Union Bankshares Co. (AUB) To Go Ex-Dividend on February 14th

Atlantic Union Bankshares Co. (NASDAQ:AUB) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.34 per share on Friday, February 28th. This represents a $1.36 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, February 14th.

Atlantic Union Bankshares has increased its dividend payment by an average of 6.1% annually over the last three years and has raised its dividend every year for the last 14 years. Atlantic Union Bankshares has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Atlantic Union Bankshares to earn $4.17 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 32.6%.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $38.76 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $3.48 billion, a P/E ratio of 14.05 and a beta of 0.92. The business has a 50-day moving average of $38.37 and a two-hundred day moving average of $38.66. Atlantic Union Bankshares has a fifty-two week low of $30.43 and a fifty-two week high of $44.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler started coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price for the company. Keefe, Bruyette & Woods dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Finally, Hovde Group decreased their price target on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.40.

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.