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

Atlantic Union Bankshares (NASDAQ:AUB) released 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 firm had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. During the same period in the previous year, the business earned $0.63 EPS.

Atlantic Union Bankshares Price Performance

NASDAQ AUB opened at $33.18 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares has a 12-month low of $23.32 and a 12-month high of $37.86. The company has a market capitalization of $2.50 billion, a PE ratio of 11.07 and a beta of 0.94. The firm’s 50 day moving average is $33.63 and its 200-day moving average is $33.14.

Atlantic Union Bankshares Announces Dividend

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

Wall Street Analysts Forecast Growth

AUB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday. Stephens dropped their target price on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Raymond James raised their target price on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, January 5th.

Insider Activity

In other Atlantic Union Bankshares news, Director Donald R. Kimble acquired 7,000 shares of the stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the acquisition, the director now directly owns 7,582 shares of the company’s stock, valued at $266,355.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by corporate insiders.

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.