Atlantic Union Bankshares (NASDAQ:AUB – Get Rating) released its earnings results on Thursday. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.07), Fidelity Earnings reports. Atlantic Union Bankshares had a return on equity of 9.74% and a net margin of 35.51%. The business had revenue of $164.50 million during the quarter, compared to analysts’ expectations of $165.66 million. During the same period last year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year.
AUB stock opened at $36.10 on Monday. The company’s 50 day simple moving average is $38.40 and its 200-day simple moving average is $37.95. The firm has a market capitalization of $2.73 billion, a PE ratio of 11.57 and a beta of 1.17. Atlantic Union Bankshares has a 12 month low of $32.31 and a 12 month high of $42.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.83.
The business also recently announced a quarterly dividend, which was paid on Friday, February 25th. Shareholders of record on Friday, February 11th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, February 10th. This represents a $1.12 annualized dividend and a yield of 3.10%. Atlantic Union Bankshares’s payout ratio is currently 35.90%.
Several equities analysts have commented on AUB shares. Keefe, Bruyette & Woods upgraded shares of Atlantic Union Bankshares from a “market perform” rating to an “outperform” rating in a research note on Friday. Piper Sandler decreased their price objective on shares of Atlantic Union Bankshares from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Investment Research raised shares of Atlantic Union Bankshares from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, January 19th. Finally, Stephens lifted their price objective on shares of Atlantic Union Bankshares from $44.00 to $45.50 and gave the stock an “overweight” rating in a research report on Wednesday, January 26th.
About Atlantic Union Bankshares (Get Rating)
Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. The company accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services.
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