Atlantic Union Bankshares (AUB) Set to Announce Earnings on Tuesday

Atlantic Union Bankshares (NASDAQ:AUB) is scheduled to release its earnings data before the market opens on Tuesday, April 23rd. Analysts expect Atlantic Union Bankshares to post earnings of $0.69 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Atlantic Union Bankshares had a net margin of 19.31% and a return on equity of 9.51%. The firm had revenue of $289.46 million for the quarter, compared to the consensus estimate of $179.72 million. During the same quarter in the previous year, the company earned $0.90 EPS. On average, analysts expect Atlantic Union Bankshares to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Atlantic Union Bankshares Stock Down 0.7 %

Atlantic Union Bankshares stock opened at $31.83 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares has a 12-month low of $23.32 and a 12-month high of $37.86. The firm’s fifty day moving average is $33.72 and its 200 day moving average is $32.97. The company has a market capitalization of $2.40 billion, a PE ratio of 12.53 and a beta of 0.94.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.02%. Atlantic Union Bankshares’s payout ratio is presently 50.39%.

Analyst Ratings Changes

Separately, Raymond James upped their price objective on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, January 5th.

Insiders Place Their Bets

In other news, Director Donald R. Kimble acquired 7,000 shares of the stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of $35.13 per share, with a total value of $245,910.00. Following the completion of the purchase, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atlantic Union Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Atlantic Union Bankshares by 99.7% during the first quarter. BlackRock Inc. now owns 11,039,306 shares of the company’s stock valued at $386,928,000 after buying an additional 5,511,312 shares during the last quarter. Vanguard Group Inc. lifted its position in Atlantic Union Bankshares by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 9,290,826 shares of the company’s stock valued at $339,487,000 after purchasing an additional 111,580 shares during the period. Dimensional Fund Advisors LP lifted its position in Atlantic Union Bankshares by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,659,886 shares of the company’s stock valued at $170,973,000 after purchasing an additional 58,055 shares during the period. Wellington Management Group LLP lifted its position in Atlantic Union Bankshares by 10.9% during the first quarter. Wellington Management Group LLP now owns 4,270,344 shares of the company’s stock valued at $156,679,000 after purchasing an additional 419,845 shares during the period. Finally, State Street Corp lifted its position in Atlantic Union Bankshares by 25.3% during the second quarter. State Street Corp now owns 4,107,277 shares of the company’s stock valued at $106,584,000 after purchasing an additional 829,066 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.

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.