Atlantic Union Bankshares (AUB) to Release Quarterly Earnings on Tuesday

Key Points

• Atlantic Union Bankshares will likely report quarterly results before the market opens on Tuesday, April 21, with analysts expecting $0.923 EPS and $391.241 million in revenue.
• In the prior quarter the bank beat estimates, reporting $0.97 EPS (vs. $0.86 consensus) and about $391.33 million in revenue; analysts now expect roughly $3 EPS for the current fiscal year and $4 EPS next year.
• Atlantic Union pays a quarterly dividend that annualizes to $1.48 for a 3.9% yield (DPR ~72.6%), and the stock carries a Street consensus of "Moderate Buy" with a $43.17 price target.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) will likely be announcing its results before the market opens on Tuesday, April 21st. Analysts expect the company to announce earnings of $0.9230 per share and revenue of $391.2410 million for the quarter.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.11. The company had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same quarter last year, the company earned $0.67 EPS. On average, analysts expect Atlantic Union Bankshares to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Atlantic Union Bankshares Price Performance

AUB stock opened at $38.29 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $5.48 billion, a P/E ratio of 16.72 and a beta of 0.82. The business's 50-day moving average is $37.45 and its two-hundred day moving average is $36.06. Atlantic Union Bankshares has a 1 year low of $23.40 and a 1 year high of $42.18.

Atlantic Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.9%. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 72.55%.

Institutional Investors Weigh In On Atlantic Union Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC acquired a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth about $219,000. Vise Technologies Inc. acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth about $217,000. Cresset Asset Management LLC acquired a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth about $215,000. Claris Financial LLC acquired a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth about $210,000. Finally, Wealthspire Advisors LLC raised its position in shares of Atlantic Union Bankshares by 11.4% during the 4th quarter. Wealthspire Advisors LLC now owns 5,866 shares of the company's stock worth $207,000 after acquiring an additional 599 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on AUB. Zacks Research lowered Atlantic Union Bankshares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. Stephens increased their price target on Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Monday, January 26th. Morgan Stanley increased their price target on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Finally, Piper Sandler increased their price target on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of "Moderate Buy" and a consensus price target of $43.17.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union's product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.

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