Atlantic Union Bankshares (NASDAQ:AUB) Issues Quarterly Earnings Results

Atlantic Union Bankshares (NASDAQ:AUB) posted its quarterly earnings data on Monday. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01, Briefing.com reports. The firm had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter last year, the business posted $0.80 EPS.

Atlantic Union Bankshares Stock Up 1.0 %

AUB opened at $36.80 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $37.83 and its 200 day simple moving average is $35.42. Atlantic Union Bankshares has a 52 week low of $26.91 and a 52 week high of $42.50. The stock has a market cap of $3.30 billion, a PE ratio of 15.27 and a beta of 0.89.

Analyst Ratings Changes

Several equities research analysts have commented on AUB shares. Keefe, Bruyette & Woods increased their price objective on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Finally, Raymond James decreased their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

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.