Atlantic Union Bankshares Corporation (NASDAQ:AUB) is reporting third quarter earnings results on Thursday 22nd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.47 per share.
For the full year, analysts predict revenues of $ 679.07 million, while looking forward to income of $ 1.50 per share.
Previous Quarter Performance
Atlantic Union Bankshares Corporation unwinded income for the second quarter of $ 0.39 per share, from the revenue of $ 173.24 million. The quarterly earnings shrunk 44.29 percent compared with the same quarter last year. The consensus estimates are income of $ 0.26 per share from $ 159.03 million in revenue. The bottom line results beat street analysts by $ 0.13 or 50.00 percent, at the same time, top line results outshined analysts by $ 14.21 million or 8.94 percent.
Stock Performance
Shares of Atlantic Union Bankshares Corporation traded up $ 0.49 or 1.99 percent on Wednesday, reaching $ 25.15 with volume of 75.00 thousand shares. The stock opened down for the day at $ 24.63, after closing the previous day trading at $ 24.66.
According to the previous trading day, closing price of $ 24.66, representing a 32.94 % increase from the 52 week low of $ 18.55 and a 36.54 % decrease over the 52 week high of $ 38.86.
The company has a market capital of $ 1.98 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 23.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on July 24, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
Conference Call
Atlantic Union Bankshares Corporation will be hosting a conference call at 9:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.atlanticunionbank.com
Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services. The company also offers loans for commercial, industrial, residential mortgage, and consumer purposes.
