Atlantic Union Bankshares (AUB) to Release Quarterly Earnings on Thursday
Atlantic Union Bankshares (NASDAQ:AUB) is set to release its quarterly earnings on April 24, with analysts expecting earnings of $0.69 per share and revenue of $221.40 million. The company recently announced a quarterly dividend of $0.34 per share, yielding 5.48%. Analysts have varied price targets for AUB, with an average target of $41.33 and a consensus rating of "Moderate Buy." AUB opened at $24.80, with a market cap of $2.24 billion and a price-to-earnings ratio of 10.83.
Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $221.40 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.
Atlantic Union Bankshares Price Performance
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AUB opened at $24.80 on Thursday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 10.83 and a beta of 0.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $31.92 and a 200-day moving average price of $36.53. Atlantic Union Bankshares has a twelve month low of $22.85 and a twelve month high of $44.54.
Atlantic Union Bankshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued 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 5.48%. Atlantic Union Bankshares's payout ratio is 59.39%.
Analysts Set New Price Targets
A number of research firms recently issued reports on AUB. Keefe, Bruyette & Woods decreased their price objective 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. Piper Sandler started 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. Hovde Group lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Finally, Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.33.
View Our Latest Research Report on Atlantic Union Bankshares
About Atlantic Union Bankshares
(Get Free Report)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.
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