How Have the Numbers Shaped Up for Atlantic Union Bankshares (NASDAQ:AUB)

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Earnings results for Atlantic Union Bankshares (NASDAQ:AUB)

Atlantic Union Bankshares Corporation is expected* to report earnings on 01/26/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.74. The reported EPS for the same quarter last year was $0.71.

Atlantic Union Bankshares last posted its earnings results on October 22nd, 2020. The reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.22. The company earned $171.79 million during the quarter, compared to analysts’ expectations of $169.63 million. Atlantic Union Bankshares has generated $2.75 earnings per share over the last year and currently has a price-to-earnings ratio of 19.0. Atlantic Union Bankshares has confirmed that its next quarterly earnings report will be published on Tuesday, January 26th, 2021.

Analyst Opinion on Atlantic Union Bankshares (NASDAQ:AUB)

5 Wall Street analysts have issued ratings and price targets for Atlantic Union Bankshares in the last 12 months. Their average twelve-month price target is $32.00, predicting that the stock has a possible downside of 11.75%. The high price target for AUB is $40.00 and the low price target for AUB is $27.00. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Atlantic Union Bankshares has received a consensus rating of Hold. The company’s average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $32.00, Atlantic Union Bankshares has a forecasted downside of 11.7% from its current price of $36.26. Atlantic Union Bankshares has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Atlantic Union Bankshares (NASDAQ:AUB)

Atlantic Union Bankshares pays a meaningful dividend of 2.71%, higher than the bottom 25% of all stocks that pay dividends. Atlantic Union Bankshares does not have a long track record of dividend growth. The dividend payout ratio of Atlantic Union Bankshares is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Atlantic Union Bankshares will have a dividend payout ratio of 42.37% next year. This indicates that Atlantic Union Bankshares will be able to sustain or increase its dividend.

Insiders buying/selling: Atlantic Union Bankshares (NASDAQ:AUB)

In the past three months, Atlantic Union Bankshares insiders have bought 171.23% more of their company’s stock than they have sold. Specifically, they have bought $227,070.00 in company stock and sold $83,720.00 in company stock. Only 1.90% of the stock of Atlantic Union Bankshares is held by insiders. 67.76% of the stock of Atlantic Union Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Atlantic Union Bankshares (NASDAQ:AUB

Earnings for Atlantic Union Bankshares are expected to grow by 18.00% in the coming year, from $2.00 to $2.36 per share. The P/E ratio of Atlantic Union Bankshares is 18.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.44. The P/E ratio of Atlantic Union Bankshares is 18.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.07. Atlantic Union Bankshares has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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