Atlantic Union Bankshares Co. (AUB) To Go Ex-Dividend on February 13th

Atlantic Union Bankshares Co. (NASDAQ:AUB) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.37 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, February 13th.

Atlantic Union Bankshares has increased its dividend payment 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 dividend payout ratio of 38.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Atlantic Union Bankshares to earn $4.17 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 35.5%.

Atlantic Union Bankshares Stock Performance

AUB stock opened at $38.83 on Friday. Atlantic Union Bankshares has a 1 year low of $22.85 and a 1 year high of $40.71. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 16.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average is $36.51 and its two-hundred day moving average is $34.83.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.11. The firm had revenue of $391.33 million for the quarter, compared to the consensus estimate of $378.95 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period last year, the firm posted $0.67 EPS. On average, research analysts predict that Atlantic Union Bankshares will post 3.26 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. grew its holdings in shares of Atlantic Union Bankshares by 100.0% during the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after buying an additional 390 shares in the last quarter. Curio Wealth LLC bought a new stake in Atlantic Union Bankshares in the second quarter worth $28,000. Farther Finance Advisors LLC boosted its position in Atlantic Union Bankshares by 309.5% during the third quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after purchasing an additional 653 shares during the period. Huntington National Bank grew its stake in Atlantic Union Bankshares by 71.7% in the 2nd quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after buying an additional 542 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Atlantic Union Bankshares by 64.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock worth $48,000 after purchasing an additional 603 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.

About Atlantic Union Bankshares

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.