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

Atlantic Union Bankshares (NASDAQ:AUB) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Atlantic Union Bankshares to post earnings of $0.69 per share and revenue of $221.40 million for the quarter.

Atlantic Union Bankshares Trading Up 3.5 %

NASDAQ AUB opened at $25.45 on Wednesday. Atlantic Union Bankshares has a one year low of $22.85 and a one year high of $44.54. 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 cap of $2.29 billion, a P/E ratio of 11.11 and a beta of 0.80. The stock’s 50-day moving average is $30.85 and its 200-day moving average is $36.20.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 5.34%. Atlantic Union Bankshares’s payout ratio is 59.39%.

Analyst Ratings Changes

AUB has been the subject of several research analyst reports. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an “equal weight” rating and a $32.00 price target for the company. Piper Sandler assumed coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price for the company. Keefe, Bruyette & Woods dropped their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Finally, Hovde Group reduced their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and an average target price of $41.33.

About Atlantic Union Bankshares

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.