Atlantic Union Bankshares Co. (AUB) To Go Ex-Dividend on August 7th

Atlantic Union Bankshares Co. (NYSE:AUB) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 7th will be given a dividend of 0.37 per share on Friday, August 21st. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, August 7th.

Atlantic Union Bankshares has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Atlantic Union Bankshares has a payout ratio of 38.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Atlantic Union Bankshares to earn $4.02 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 36.8%.

Atlantic Union Bankshares Price Performance

Shares of NYSE:AUB opened at $43.34 on Wednesday. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 12.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The business’s 50 day simple moving average is $40.75 and its 200-day simple moving average is $38.77. Atlantic Union Bankshares has a 12 month low of $30.81 and a 12 month high of $43.62.

Atlantic Union Bankshares (NYSE:AUB) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $387.57 million during the quarter, compared to analysts’ expectations of $389.06 million. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, equities analysts forecast that Atlantic Union Bankshares will post 3.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlantic Union Bankshares

A number of institutional investors have recently bought and sold shares of the business. Legacy Wealth Asset Management LLC purchased a new position in shares of Atlantic Union Bankshares during the 2nd quarter valued at about $217,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Atlantic Union Bankshares by 14.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 9,219 shares of the company’s stock worth $390,000 after purchasing an additional 1,132 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Atlantic Union Bankshares by 12.3% in the 2nd quarter. GAMMA Investing LLC now owns 7,477 shares of the company’s stock worth $316,000 after buying an additional 820 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Atlantic Union Bankshares by 37.1% in the second quarter. Versant Capital Management Inc now owns 3,939 shares of the company’s stock valued at $167,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Atlantic Union Bankshares during the first quarter worth approximately $209,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.