Wall Street analysts predict that Atlantic Union Bankshares Co. (NASDAQ:AUB) will report sales of $176.80 million for the current quarter, according to Zacks. Two analysts have made estimates for Atlantic Union Bankshares’ earnings. The lowest sales estimate is $174.40 million and the highest is $179.19 million. Atlantic Union Bankshares reported sales of $163.92 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The firm is expected to report its next quarterly earnings results on Tuesday, April 27th.
According to Zacks, analysts expect that Atlantic Union Bankshares will report full-year sales of $669.28 million for the current fiscal year, with estimates ranging from $665.15 million to $673.90 million. For the next year, analysts forecast that the firm will post sales of $671.62 million, with estimates ranging from $669.63 million to $673.61 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Atlantic Union Bankshares.
Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Monday, January 25th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.74 by $0.19. Atlantic Union Bankshares had a return on equity of 6.11% and a net margin of 19.47%.
Several analysts have recently commented on the company. TheStreet upgraded Atlantic Union Bankshares from a “c+” rating to a “b” rating in a report on Friday, October 23rd. Zacks Investment Research upgraded Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research note on Tuesday, December 22nd. Barclays raised their target price on Atlantic Union Bankshares from $30.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 14th. Finally, Piper Sandler raised their target price on Atlantic Union Bankshares from $23.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Atlantic Union Bankshares presently has an average rating of “Buy” and a consensus price target of $33.25.
In related news, Director Frank Russell Ellett purchased 3,000 shares of the business’s stock in a transaction on Wednesday, December 23rd. The shares were bought at an average cost of $32.06 per share, with a total value of $96,180.00. Following the transaction, the director now owns 6,708 shares of the company’s stock, valued at $215,058.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Loreen A. Lagatta sold 2,800 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $29.90, for a total value of $83,720.00. Following the sale, the executive vice president now directly owns 13,000 shares in the company, valued at $388,700. The disclosure for this sale can be found here. Insiders have acquired a total of 7,000 shares of company stock worth $227,070 over the last ninety days. 1.90% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of Atlantic Union Bankshares by 3.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 31,074 shares of the company’s stock valued at $664,000 after acquiring an additional 1,090 shares during the period. Raymond James & Associates boosted its holdings in Atlantic Union Bankshares by 23.8% in the 3rd quarter. Raymond James & Associates now owns 78,902 shares of the company’s stock worth $1,686,000 after buying an additional 15,184 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Atlantic Union Bankshares by 52.4% in the 3rd quarter. Principal Financial Group Inc. now owns 74,530 shares of the company’s stock worth $1,593,000 after buying an additional 25,617 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Atlantic Union Bankshares by 3.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 93,027 shares of the company’s stock worth $1,988,000 after buying an additional 2,860 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Atlantic Union Bankshares by 73.5% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 22,992 shares of the company’s stock worth $491,000 after buying an additional 9,743 shares during the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.
Shares of AUB traded down $0.07 during midday trading on Thursday, hitting $34.98. 175,571 shares of the company’s stock traded hands, compared to its average volume of 234,524. Atlantic Union Bankshares has a 1 year low of $18.55 and a 1 year high of $38.00. The firm’s fifty day moving average is $34.52 and its 200-day moving average is $30.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 18.31 and a beta of 1.41.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Friday, February 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, February 11th. Atlantic Union Bankshares’s dividend payout ratio is currently 36.36%.
Atlantic Union Bankshares Company Profile
Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.
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