Atlantic Union Bankshares (NASDAQ:AUB) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Atlantic Union Bankshares (NASDAQ:AUB) posted its quarterly earnings data on Tuesday. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.04), Briefing.com reports. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. The business had revenue of $288.47 million for the quarter, compared to analyst estimates of $178.82 million. During the same period in the prior year, the firm posted $0.63 EPS.

Atlantic Union Bankshares Trading Up 0.9 %

Atlantic Union Bankshares stock opened at $33.18 on Thursday. The business has a 50 day moving average price of $33.63 and a two-hundred day moving average price of $33.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 11.07 and a beta of 0.94. Atlantic Union Bankshares has a 12 month low of $23.32 and a 12 month high of $37.86.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.32 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.28 annualized dividend and a yield of 3.86%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AUB shares. Raymond James boosted their price objective on Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods cut their price objective on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Stephens cut their price target on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Donald R. Kimble purchased 7,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $35.13 per share, with a total value of $245,910.00. Following the acquisition, the director now directly owns 7,582 shares in the company, valued at approximately $266,355.66. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

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.