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

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

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $358.81 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business 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

Shares of NASDAQ:AUB opened at $37.81 on Tuesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 15.69 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 1-year low of $30.43 and a 1-year high of $44.54. The business has a 50-day moving average price of $39.85 and a two-hundred day moving average price of $38.62.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.34 dividend. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.60%. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio is currently 56.43%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Raymond James dropped their price objective on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Finally, Piper Sandler initiated coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and an average price target of $44.60.

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.