Atlantic Union Bankshares (AUB)
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Atlantic Union (AUB) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-10-21 12:15
Atlantic Union (AUB) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.19%. A quarter ago, it was expected that this holding company for Atlantic Union Bank would post earnings of $0.68 per share when it actually produced earnings of $0.63, delivering a surprise of -7.35%. Over the ...
Atlantic Union Bankshares (AUB) - 2024 Q3 - Quarterly Results
2024-10-21 10:02
Exhibit 99.1 Contact: Robert M. Gorman - (804) 523-7828 Executive Vice President / Chief Financial Officer ATLANTIC UNION BANKSHARES REPORTS THIRD QUARTER FINANCIAL RESULTS Atlantic Union Bankshares investor call today, Monday, October 21, 2024 at 9:00 a.m. (EDT) Richmond, Va., October 21, 2024 – Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE: AUB) reported net income available to common shareholders of $73.4 million and basic and diluted earnings per common share of $0.82 f ...
Atlantic Union (AUB) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2024-08-09 14:55
The price trend for Atlantic Union (AUB) has been bearish lately and the stock has lost 6% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes ...
Atlantic Union Bankshares (AUB) - 2024 Q2 - Quarterly Report
2024-08-06 18:47
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39325 ATLANTIC UNION BANKSHARES CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-1598552 (State or other jurisdiction of (I.R ...
Are You Looking for a Top Momentum Pick? Why Atlantic Union (AUB) is a Great Choice
ZACKS· 2024-08-01 17:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Atlantic Union (AUB) - Atlantic Union currently holds a Momentum Style Score of A, indicating strong momentum characteristics [1] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [2] Performance Metrics - AUB shares have increased by 7.6% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 4.74% during the same period [3] - Over the past month, AUB's price change is 25.39%, compared to the industry's 16.37% [3] - In the last quarter, AUB shares rose by 22.2%, and over the past year, they gained 30.21%, while the S&P 500 increased by 10.01% and 21.8%, respectively [4] Trading Volume - AUB's average 20-day trading volume is 546,745 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the past two months, one earnings estimate for AUB has increased, while none have decreased, raising the consensus estimate from $2.95 to $3.01 [5] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [5] Conclusion - Given the strong performance metrics and positive earnings outlook, AUB is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [6]
Atlantic Union (AUB) Upgraded to Buy: Here's Why
ZACKS· 2024-07-31 17:00
Atlantic Union (AUB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing ...
Atlantic Union (AUB) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-07-31 16:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend ...
Atlantic Union Bankshares (AUB) - 2024 Q2 - Earnings Call Transcript
2024-07-25 22:37
Atlantic Union Bankshares Corporation (NYSE:AUB) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Bill Cimino - SVP of IR John Asbury - President and CEO Rob Gorman - EVP and CFO David Ring - EVP and Wholesale Banking Group Executive Conference Call Participants Russell Gunther - Stephens Inc. Operator Good day and thank you for standing by. Welcome to Atlantic Union Bankshares' Second Quarter 2024 Earnings Call. [Operator Instructions] Please be advised that today's conference ...
Atlantic Union (AUB) Q2 Earnings and Revenues Lag Estimates
ZACKS· 2024-07-25 12:45
Atlantic Union (AUB) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.35%. A quarter ago, it was expected that this holding company for Atlantic Union Bank would post earnings of $0.70 per share when it actually produced earnings of $0.65, delivering a surprise of -7.14%.Over the la ...
Atlantic Union Bankshares (AUB) - 2024 Q2 - Quarterly Results
2024-07-25 11:30
Exhibit 99.1 Contact: Robert M. Gorman - (804) 523-7828 Executive Vice President / Chief Financial Officer ATLANTIC UNION BANKSHARES REPORTS SECOND QUARTER FINANCIAL RESULTS Richmond, Va., July 25, 2024 – Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE: AUB) reported net income available to common shareholders of $22.2 million and basic and diluted earnings per common share of $0.25 for the second quarter of 2024 and adjusted operating earnings available to common shareholder ...