Atlantic Union Bankshares (NASDAQ:AUB) Announces Earnings Results, Beats Expectations By $0.01 EPS

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

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $36.80 on Thursday. Atlantic Union Bankshares has a fifty-two week low of $26.91 and a fifty-two week high of $42.50. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 15.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s 50-day simple moving average is $37.83 and its 200 day simple moving average is $35.42.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price target on Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Hovde Group cut their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Finally, Raymond James cut their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.40.

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.