Atlantic Union Bankshares (NASDAQ:AUB) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Atlantic Union Bankshares (NASDAQ:AUB) announced its quarterly earnings results on Monday. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01, Briefing.com reports. Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. During the same quarter in the prior year, the company earned $0.80 EPS.

Atlantic Union Bankshares Stock Performance

AUB opened at $36.21 on Tuesday. Atlantic Union Bankshares has a 12-month low of $26.91 and a 12-month high of $42.50. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 15.95 and a beta of 0.89. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $37.80 and its 200 day moving average is $35.37.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, August 9th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 56.39%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AUB. Keefe, Bruyette & Woods upped their target price on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Raymond James lowered their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Hovde Group cut their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $40.40.

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.