Atlantic Union Bankshares (NASDAQ:AUB) Issues Earnings Results, Misses Estimates By $0.04 EPS

Atlantic Union Bankshares (NASDAQ:AUB) announced its quarterly earnings data on Tuesday. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04), Briefing.com reports. Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The company had revenue of $288.47 million for the quarter, compared to analysts’ expectations of $178.82 million. During the same period in the previous year, the firm posted $0.63 earnings per share.

Atlantic Union Bankshares Stock Performance

AUB stock opened at $32.90 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.20 and a beta of 0.94. Atlantic Union Bankshares has a 12 month low of $23.32 and a 12 month high of $37.86. The firm has a 50 day moving average of $33.63 and a two-hundred day moving average of $33.14.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, February 8th. Atlantic Union Bankshares’s dividend payout ratio is 47.06%.

Insiders Place Their Bets

In other news, Director Donald R. Kimble acquired 7,000 shares of Atlantic Union Bankshares stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the purchase, the director now owns 7,582 shares of the company’s stock, valued at $266,355.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Raymond James boosted their price objective on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Stephens lowered their price objective on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday.

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.