Atlantic Union Bankshares (AUB) Expected to Announce Earnings on Thursday

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Atlantic Union Bankshares to post earnings of $0.78 per share and revenue of $222,199.20 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same period last year, the company earned $0.80 earnings per share. On average, analysts expect Atlantic Union Bankshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Atlantic Union Bankshares Stock Performance

Atlantic Union Bankshares stock traded down $0.49 during midday trading on Thursday, reaching $37.63. 502,409 shares of the stock traded hands, compared to its average volume of 890,451. The firm has a fifty day moving average price of $40.12 and a two-hundred day moving average price of $38.48. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 15.61 and a beta of 0.93. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares has a fifty-two week low of $30.43 and a fifty-two week high of $44.54.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.36 annualized dividend and a yield of 3.61%. This is an increase from Atlantic Union Bankshares's previous quarterly dividend of $0.32. Atlantic Union Bankshares's payout ratio is presently 56.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AUB shares. Keefe, Bruyette & Woods increased their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a "market perform" rating in a research report on Friday, November 22nd. Raymond James cut their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday. They issued an "overweight" rating and a $51.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares presently has an average rating of "Moderate Buy" and a consensus target price of $44.60.

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.