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

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $221.40 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB traded down $0.09 during midday trading on Friday, reaching $24.65. The company's stock had a trading volume of 1,301,094 shares, compared to its average volume of 859,634. The stock has a market capitalization of $2.22 billion, a P/E ratio of 10.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50 day moving average price of $31.36 and a 200-day moving average price of $36.36. Atlantic Union Bankshares has a 12-month low of $22.85 and a 12-month high of $44.54.

Atlantic Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.52%. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 59.39%.

Wall Street Analyst Weigh In

Several brokerages have commented on AUB. Piper Sandler started coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 target price for the company. Morgan Stanley began coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th. Finally, Hovde Group decreased their price target on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.33.

About Atlantic Union Bankshares

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.