Atlantic Union Bankshares (AUB) Set to Announce Earnings on Tuesday

Atlantic Union Bankshares (NASDAQ:AUB) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Atlantic Union Bankshares to post earnings of $0.69 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Atlantic Union Bankshares had a return on equity of 9.51% and a net margin of 19.31%. The business had revenue of $289.46 million for the quarter, compared to the consensus estimate of $179.72 million. During the same quarter last year, the business posted $0.90 earnings per share. 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 Stock Down 0.7 %

Shares of NASDAQ:AUB opened at $31.83 on Tuesday. The stock’s 50-day moving average price is $33.72 and its 200-day moving average price is $32.97. Atlantic Union Bankshares has a 12-month low of $23.32 and a 12-month high of $37.86. The stock has a market capitalization of $2.40 billion, a P/E ratio of 12.53 and a beta of 0.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.28 annualized dividend and a yield of 4.02%. Atlantic Union Bankshares’s payout ratio is 50.39%.

Wall Street Analyst Weigh In

Separately, Raymond James lifted their price objective on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th.

Insider Buying and Selling

In related news, Director Donald R. Kimble purchased 7,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were acquired at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the purchase, the director now directly owns 7,582 shares in the company, valued at $266,355.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.28% of the stock is currently owned by insiders.

Institutional Trading of Atlantic Union Bankshares

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Atlantic Union Bankshares by 99.7% in the 1st quarter. BlackRock Inc. now owns 11,039,306 shares of the company’s stock worth $386,928,000 after purchasing an additional 5,511,312 shares during the period. State Street Corp grew its stake in Atlantic Union Bankshares by 65.3% in the 1st quarter. State Street Corp now owns 3,278,211 shares of the company’s stock worth $114,901,000 after acquiring an additional 1,294,899 shares in the last quarter. Norges Bank bought a new position in Atlantic Union Bankshares in the 4th quarter worth about $22,745,000. Wellington Management Group LLP grew its stake in Atlantic Union Bankshares by 10.9% in the 1st quarter. Wellington Management Group LLP now owns 4,270,344 shares of the company’s stock worth $156,679,000 after acquiring an additional 419,845 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Atlantic Union Bankshares by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,034,129 shares of the company’s stock worth $244,076,000 after acquiring an additional 410,539 shares in the last quarter. Hedge funds and other institutional investors own 78.58% 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.