Atlantic Union Bankshares (NASDAQ:AUB) released its earnings results on Monday. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.19, MarketWatch Earnings reports. Atlantic Union Bankshares had a return on equity of 6.11% and a net margin of 19.47%.
NASDAQ AUB traded down $1.19 during trading hours on Wednesday, hitting $33.27. 19,151 shares of the company were exchanged, compared to its average volume of 239,292. The stock has a 50-day moving average price of $34.32 and a 200 day moving average price of $30.05. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. Atlantic Union Bankshares has a 52 week low of $18.55 and a 52 week high of $38.00. The stock has a market cap of $2.62 billion, a PE ratio of 17.58 and a beta of 1.41.
In other news, Director Frank Russell Ellett purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, December 29th. The stock was purchased at an average price of $32.84 per share, for a total transaction of $98,520.00. Following the completion of the acquisition, the director now owns 6,708 shares of the company’s stock, valued at $220,290.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Loreen A. Lagatta sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $29.90, for a total value of $83,720.00. Following the completion of the sale, the executive vice president now owns 13,000 shares of the company’s stock, valued at approximately $388,700. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 7,000 shares of company stock worth $227,070. Insiders own 1.90% of the company’s stock.
Several equities analysts recently weighed in on the company. Piper Sandler lifted their target price on Atlantic Union Bankshares from $23.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, October 26th. Barclays lifted their target price on Atlantic Union Bankshares from $30.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, January 14th. TheStreet raised Atlantic Union Bankshares from a “c+” rating to a “b” rating in a report on Friday, October 23rd. Finally, Zacks Investment Research raised Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Tuesday, December 22nd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.25.
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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