Atlantic Union Bankshares (NASDAQ:AUB) Posts Earnings Results, Beats Expectations By $0.32 EPS

Atlantic Union Bankshares (NASDAQ:AUB) posted its quarterly earnings data on Thursday. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.32, MarketWatch Earnings reports. Atlantic Union Bankshares had a return on equity of 8.81% and a net margin of 27.16%.

Atlantic Union Bankshares stock opened at $34.46 on Friday. The stock has a 50-day moving average price of $38.24. The stock has a market cap of $2.72 billion, a P/E ratio of 13.67 and a beta of 1.38. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. Atlantic Union Bankshares has a 12 month low of $19.61 and a 12 month high of $42.45.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 4th. Stockholders of record on Friday, May 21st were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, May 20th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 52.34%.

Several equities analysts recently weighed in on AUB shares. Barclays increased their target price on Atlantic Union Bankshares from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 13th. Zacks Investment Research upgraded Atlantic Union Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, July 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $36.20.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.

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Earnings History for Atlantic Union Bankshares (NASDAQ:AUB)

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