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

Atlantic Union Bankshares (NASDAQ:AUB) is expected to be issuing 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. Parties interested in participating in the company’s conference call can do so using this link.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $358.81 million for the quarter, compared to the consensus estimate 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 period in the previous 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 Price Performance

NASDAQ AUB opened at $38.27 on Wednesday. The business’s fifty day moving average is $39.76 and its 200 day moving average is $38.67. Atlantic Union Bankshares has a fifty-two week low of $30.43 and a fifty-two week high of $44.54. The company has a market capitalization of $3.44 billion, a PE ratio of 15.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.55%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s payout ratio is presently 56.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AUB shares. Keefe, Bruyette & Woods boosted their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Raymond James decreased their target price on 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, Piper Sandler started coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.60.

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.