Atlantic Union Bankshares Co. (NASDAQ:AUB) Expected to Post Quarterly Sales of $169.51 Million

Equities analysts expect Atlantic Union Bankshares Co. (NASDAQ:AUB) to post $169.51 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Atlantic Union Bankshares’ earnings, with the lowest sales estimate coming in at $166.30 million and the highest estimate coming in at $172.71 million. Atlantic Union Bankshares posted sales of $177.85 million in the same quarter last year, which suggests a negative year over year growth rate of 4.7%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, January 25th.

On average, analysts expect that Atlantic Union Bankshares will report full year sales of $680.64 million for the current financial year, with estimates ranging from $677.90 million to $683.37 million. For the next fiscal year, analysts expect that the firm will report sales of $673.17 million, with estimates ranging from $669.09 million to $677.24 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Atlantic Union Bankshares.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Sunday, October 24th. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.20. Atlantic Union Bankshares had a return on equity of 11.19% and a net margin of 37.83%. The company had revenue of $170.59 million during the quarter, compared to the consensus estimate of $163.54 million. During the same period last year, the business posted $0.74 earnings per share.

A number of research analysts recently issued reports on the company. Piper Sandler upgraded Atlantic Union Bankshares from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $42.00 in a report on Thursday, December 16th. Zacks Investment Research cut Atlantic Union Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, October 4th.

In other news, Director Frederick Blair Wimbush acquired 1,500 shares of the business’s stock in a transaction on Monday, December 20th. The stock was bought at an average price of $35.82 per share, with a total value of $53,730.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.14% of the company’s stock.

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Atlantic Union Bankshares by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,055,465 shares of the company’s stock valued at $291,769,000 after purchasing an additional 209,031 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Atlantic Union Bankshares by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,656,434 shares of the company’s stock worth $171,591,000 after purchasing an additional 35,703 shares during the period. Wellington Management Group LLP boosted its stake in Atlantic Union Bankshares by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,288,420 shares of the company’s stock worth $158,028,000 after purchasing an additional 34,910 shares during the period. State Street Corp lifted its stake in shares of Atlantic Union Bankshares by 7.0% in the 2nd quarter. State Street Corp now owns 2,461,207 shares of the company’s stock worth $89,145,000 after acquiring an additional 160,735 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Atlantic Union Bankshares by 11.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 2,102,618 shares of the company’s stock worth $77,481,000 after acquiring an additional 209,042 shares during the period. Institutional investors own 68.92% of the company’s stock.

AUB stock traded up $0.02 during mid-day trading on Tuesday, hitting $41.92. 5,477 shares of the stock were exchanged, compared to its average volume of 300,553. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.84. The business has a fifty day moving average price of $36.71 and a 200 day moving average price of $36.45. Atlantic Union Bankshares has a 12 month low of $32.26 and a 12 month high of $42.45. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.39 and a beta of 1.30.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Friday, November 12th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, November 10th. This represents a $1.12 annualized dividend and a dividend yield of 2.67%. Atlantic Union Bankshares’s payout ratio is currently 33.14%.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. It specializes in offering community banking services. Its services include checking, savings, lending, credit cards, online and mobile banking, treasury management, business eBanking, and wealth management.

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Earnings History and Estimates for Atlantic Union Bankshares (NASDAQ:AUB)

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