Atlantic Union Bankshares (AUB) Expected to Announce Quarterly Earnings on Thursday

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) is anticipated to post its quarterly 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

AUB traded down $0.17 on Friday, reaching $33.23. The company had a trading volume of 850,993 shares, compared to its average volume of 1,142,591. The stock has a market cap of $4.73 billion, a P/E ratio of 14.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The company's fifty day moving average is $31.16 and its 200 day moving average is $32.23.

Atlantic Union Bankshares Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Trading of Atlantic Union Bankshares

Several large investors have recently made changes to their positions in AUB. AQR Capital Management LLC increased its holdings in Atlantic Union Bankshares by 634.3% during the 1st quarter. AQR Capital Management LLC now owns 41,902 shares of the company's stock worth $1,305,000 after purchasing an additional 36,196 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Atlantic Union Bankshares by 4.6% in the 1st 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. Goldman Sachs Group Inc. raised its position in Atlantic Union Bankshares by 36.0% in the first 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 period. Empowered Funds LLC bought a new position in Atlantic Union Bankshares during the first quarter valued at $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Atlantic Union Bankshares by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company's stock valued at $7,766,000 after acquiring an additional 22,078 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

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.