Atlantic Union Bankshares (AUB) Projected to Post Quarterly Earnings on Tuesday

Atlantic Union Bankshares (NYSE:AUB) is anticipated to post its results before the market opens on Tuesday, July 21st. Analysts expect the company to post earnings of $0.92 per share and revenue of $389.0580 million for the quarter.

Atlantic Union Bankshares (NYSE:AUB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $371.71 million for the quarter, compared to analyst estimates of $391.24 million. Atlantic Union Bankshares had a net margin of 15.50% and a return on equity of 10.74%. During the same quarter in the previous year, the company posted $0.90 EPS. On average, analysts expect Atlantic Union Bankshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Atlantic Union Bankshares Trading Down 1.4%

NYSE AUB opened at $42.64 on Friday. Atlantic Union Bankshares has a 12-month low of $30.39 and a 12-month high of $43.62. The company has a fifty day simple moving average of $39.46 and a two-hundred day simple moving average of $38.24. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.10 billion, a P/E ratio of 18.07 and a beta of 0.79.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 22nd. Atlantic Union Bankshares’s dividend payout ratio is presently 62.71%.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Nancy H. Agee bought 650 shares of the stock in a transaction dated Monday, April 20th. The shares were acquired at an average cost of $39.05 per share, with a total value of $25,382.50. Following the purchase, the director directly owned 37,797 shares in the company, valued at $1,475,972.85. The trade was a 1.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Atlantic Union Bankshares

Large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. acquired a new stake in Atlantic Union Bankshares in the fourth quarter valued at approximately $87,022,000. Claris Financial LLC purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter valued at approximately $210,000. Invesco Ltd. raised its stake in shares of Atlantic Union Bankshares by 0.9% during the 4th quarter. Invesco Ltd. now owns 1,107,336 shares of the company’s stock worth $39,089,000 after buying an additional 10,299 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Atlantic Union Bankshares by 33.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,850 shares of the company’s stock worth $418,000 after buying an additional 2,964 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 13.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 21,161 shares of the company’s stock valued at $747,000 after buying an additional 2,542 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AUB has been the subject of a number of research analyst reports. Stephens restated an “overweight” rating and issued a $46.00 target price on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Piper Sandler boosted their price target on Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Zacks Research downgraded Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Morgan Stanley increased their price objective on Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Finally, TD Cowen raised their price objective on Atlantic Union Bankshares from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.62.

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.