Atlantic Union Bankshares (AUB) Projected to Post Earnings on Thursday

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) is projected to release its earnings data before the market opens on Thursday, July 24th. Analysts expect Atlantic Union Bankshares to post earnings of $0.83 per share and revenue of $369.70 million for the quarter.

Atlantic Union Bankshares Stock Performance

Atlantic Union Bankshares stock traded down $0.17 during midday trading on Friday, reaching $33.23. 850,993 shares of the company's stock were exchanged, compared to its average volume of 1,145,200. The stock's 50-day simple moving average is $31.24 and its 200 day simple moving average is $32.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 14.51 and a beta of 0.86. Atlantic Union Bankshares has a 52 week low of $22.85 and a 52 week high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.34 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.09%. Atlantic Union Bankshares's payout ratio is 62.10%.

Institutional Trading of Atlantic Union Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in Atlantic Union Bankshares by 36.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company's stock worth $66,548,000 after acquiring an additional 565,564 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Atlantic Union Bankshares by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company's stock worth $7,766,000 after acquiring an additional 22,078 shares in the last quarter. Empowered Funds LLC purchased a new position in Atlantic Union Bankshares in the first quarter worth about $3,011,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Atlantic Union Bankshares by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company's stock worth $1,658,000 after buying an additional 2,322 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Atlantic Union Bankshares by 150.6% in the first quarter. Jane Street Group LLC now owns 52,129 shares of the company's stock worth $1,623,000 after buying an additional 31,329 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group set a $37.00 price objective on shares of Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective on the stock. Raymond James Financial raised shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $37.00 to $41.00 in a research report on Tuesday, June 10th. Finally, Keefe, Bruyette & Woods dropped their price target on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Atlantic Union Bankshares has an average rating of "Moderate Buy" and a consensus target price of $39.00.

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.