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

Atlantic Union Bankshares (NASDAQ:AUB) is expected to be releasing 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 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $391.33 million during the quarter, compared to analyst estimates of $378.95 million. During the same period in the previous year, the company earned $0.67 EPS. 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 Down 0.0%

Shares of AUB stock opened at $38.85 on Monday. The business’s 50 day moving average is $37.21 and its two-hundred day moving average is $36.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares has a 12 month low of $24.01 and a 12 month high of $42.18. The company has a market cap of $5.56 billion, a PE ratio of 16.97 and a beta of 0.82.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 72.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. 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. Morgan Stanley increased their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Piper Sandler lifted their price target on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Finally, Zacks Research lowered Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Atlantic Union Bankshares by 504.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after purchasing an additional 1,287 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Atlantic Union Bankshares during the 3rd quarter worth about $77,000. Quadrant Capital Group LLC bought a new position in Atlantic Union Bankshares during the 3rd quarter valued at about $109,000. Inspire Investing LLC bought a new position in Atlantic Union Bankshares during the 4th quarter valued at about $115,000. Finally, Smartleaf Asset Management LLC boosted its position in Atlantic Union Bankshares by 70.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,307 shares of the company’s stock valued at $118,000 after buying an additional 1,364 shares in the last quarter. 78.58% of the stock is owned by institutional investors.

About Atlantic Union Bankshares

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.