Atlantic Union Bankshares (AUB) to Release Earnings on Tuesday

Atlantic Union Bankshares (NYSE:AUB) is projected to announce its results before the market opens on Tuesday, July 21st. Analysts expect Atlantic Union Bankshares to announce 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 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The business had revenue of $371.71 million for the quarter, compared to the consensus estimate of $391.24 million. Atlantic Union Bankshares had a return on equity of 10.74% and a net margin of 15.50%.During the same quarter last year, the business posted $0.90 earnings per share. 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 Stock Down 0.0%

Shares of NYSE:AUB opened at $42.64 on Monday. The company has a market capitalization of $6.10 billion, a PE ratio of 18.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average price of $39.46 and a two-hundred day moving average price of $38.26. Atlantic Union Bankshares has a 1 year low of $30.39 and a 1 year high of $43.62.

Atlantic Union Bankshares Announces Dividend

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

Institutional Investors Weigh In On Atlantic Union Bankshares

Several institutional investors have recently added to or reduced their stakes in the business. PCM Encore LLC bought a new stake in shares of Atlantic Union Bankshares in the fourth quarter valued at approximately $222,000. Wealthspire Advisors LLC lifted its stake in shares of Atlantic Union Bankshares by 11.4% during the 4th quarter. Wealthspire Advisors LLC now owns 5,866 shares of the company’s stock valued at $207,000 after buying an additional 599 shares in the last quarter. Vise Technologies Inc. bought a new position in Atlantic Union Bankshares in the 4th quarter worth approximately $217,000. Coldstream Capital Management Inc. bought a new position in Atlantic Union Bankshares in the 3rd quarter worth approximately $205,000. Finally, Corient Private Wealth LLC purchased a new position in Atlantic Union Bankshares in the 2nd quarter valued at approximately $219,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Weiss Ratings assumed coverage on shares of Atlantic Union Bankshares in a research report on Monday, July 6th. They set a “buy (b-)” rating for the company. Finally, Stephens restated an “overweight” rating and set a $46.00 price target on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Atlantic Union Bankshares has an average rating of “Moderate Buy” and a consensus target price of $43.62.

Atlantic Union Bankshares Company Profile

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.