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. In addition, it provides credit cards, automated teller machine (ATM) services, mobile and internet banking services, and online bill payment services, as well as financial planning, trust, and wealth management services. Further, the company offers securities, brokerage, and investment advisory products and services; and originates and sells residential loan products in the secondary market. As of February 16, 2021, it operated 129 branches and approximately 150 ATMs in Virginia, Maryland, and North Carolina. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Richmond, Virginia.
IPO Year:
Exchange: NASDAQ
Website: atlanticunionbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $46.00 → $45.00 | Outperform | Hovde Group |
| 7/26/2024 | $40.00 → $46.00 | Outperform | Hovde Group |
| 9/13/2023 | $36.00 | Overweight | Stephens |
| 4/6/2023 | $42.00 → $36.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/3/2023 | $43.00 | Outperform | Raymond James |
| 12/5/2022 | $42.00 | Overweight | Piper Sandler |
| 11/29/2022 | $41.00 | Outperform | Hovde Group |
| 4/22/2022 | Mkt Perform → Outperform | Keefe Bruyette | |
| 1/26/2022 | $44.00 → $45.50 | Overweight | Stephens & Co. |
| 12/16/2021 | $41.00 → $42.00 | Neutral → Overweight | Piper Sandler |
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The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.34 per share of common stock, which is a $0.02, or approximately 6%, increase from the third quarter of 2024 and an approximately 6% increase from the dividend in the fourth quarter of 2023. Based on the Company's common stock closing price of $37.10 on October 24, 2024, the dividend yield is approximately 3.7%. The common stock dividend is payable on November 22, 2024 to common shareholders of record as of November 8, 2024. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock
Atlantic Union Bankshares investor call today, Monday, October 21, 2024 at 9:00 a.m. (EDT) 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 for the third quarter of 2024 and adjusted operating earnings available to common shareholders(1) of $74.5 million and adjusted diluted operating earnings per common share(1) of $0.83 for the third quarter of 2024. "Atlantic Union delivered solid financial results in the quarter and the enhanced earnings power we envisioned as a result of the American National Bankshares acquisition is now e
Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp ("Sandy Spring") (NASDAQ:SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower Mid-Atlantic, and significantly enhance the combined company's presence in Northern Virginia and Maryland. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021025221/en/ Founded in 1868, Sandy Spring is headquartered in Olne
Atlantic Union Bankshares Corporation (NYSE:AUB) ("Atlantic Union") announced today that it priced an underwritten public offering of 9,859,155 shares of its common stock at a price of $35.50 per share (before underwriting discounts and commissions), for an aggregate offering amount of $350.0 million. The approximate net proceeds of the offering will be $336.0 million (before offering expenses, assuming the underwriters do not exercise their option to purchase additional shares and assuming full physical settlement of the forward sale agreement) in connection with the forward sale agreement described below. The underwriters have been granted the option to purchase up to an additional 1,478
Atlantic Union Bankshares Corporation (the "Company") today announced that it will release third quarter 2024 financial results before the market opens on Tuesday, October 22, 2024. Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Tuesday, October 22, 2024. The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/6q92at5j For analysts who wish to participate in the conference call, please register at the following URL: https://register.vevent.com/register/BI352e42e841fa454e85cc98ae24ac2697. To participate in the conference call, you must use the link to receive an audio
The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.32 per share of common stock, which is the same as the second quarter of 2024 and an approximately 7% increase from the dividend in the third quarter of 2023. Based on the Company's common stock closing price of $40.36 on July 25, 2024, the dividend yield is approximately 3.2%. The common stock dividend is payable on August 23, 2024 to common shareholders of record as of August 9, 2024. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the "Series A preferred st
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 shareholders(1) of $56.4 million and adjusted diluted operating earnings per common share(1) of $0.63 for the second quarter of 2024. Merger with American National Bankshares Inc. ("American National") On April 1, 2024, the Company completed its acquisition of American National. American National's results of operations are included in the Company's consolidated results since the date of acquisiti
Atlantic Union Bankshares Corporation (the "Company") today announced that it will release second quarter 2024 financial results before the market opens on Thursday, July 25, 2024. Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Thursday, July 25, 2024. The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/ct8s95ox. For analysts who wish to participate in the conference call, please register at the following URL: https://register.vevent.com/register/BI670b5991ba5d495ea7c519f17cf6b388. To participate in the conference call, you must use the link to receive an audi
Atlantic Union Bank today announced it has successfully completed the integration of American National Bank and Trust Company ("American National") branches and operations, unifying the bank across its footprint. "Following our detailed merger integration playbook to seek to ensure a smooth transition, our teammates have worked diligently on the data conversion and systems integration of American National since the merger announcement last summer," said Maria Tedesco, President and Chief Operating Officer of Atlantic Union Bank. "Not only does this successful integration result in a unified bank presence across Virginia, North Carolina and Maryland, but also helps us build on our commitme
The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.32 per share of common stock, which is the same as the first quarter of 2024 and an approximately 7% increase from the dividend in the second quarter of 2023. Based on the Company's common stock closing price of $33.63 on May 6, 2024, the dividend yield is approximately 3.8%. The common stock dividend is payable on June 7, 2024 to common shareholders of record as of May 24, 2024. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the "Series A preferred stock").
Hovde Group reiterated coverage of Atlantic Union Bankshares with a rating of Outperform and set a new price target of $45.00 from $46.00 previously
Hovde Group reiterated coverage of Atlantic Union Bankshares with a rating of Outperform and set a new price target of $46.00 from $40.00 previously
Stephens initiated coverage of Atlantic Union Bankshares with a rating of Overweight and set a new price target of $36.00
Keefe Bruyette downgraded Atlantic Union Bankshares from Outperform to Mkt Perform and set a new price target of $36.00 from $42.00 previously
Raymond James resumed coverage of Atlantic Union Bankshares with a rating of Outperform and set a new price target of $43.00
Piper Sandler resumed coverage of Atlantic Union Bankshares with a rating of Overweight and set a new price target of $42.00
Hovde Group initiated coverage of Atlantic Union Bankshares with a rating of Outperform and set a new price target of $41.00
Keefe Bruyette upgraded Atlantic Union Bankshares from Mkt Perform to Outperform
Stephens & Co. reiterated coverage of Atlantic Union Bankshares with a rating of Overweight and set a new price target of $45.50 from $44.00 previously
Piper Sandler upgraded Atlantic Union Bankshares from Neutral to Overweight and set a new price target of $42.00 from $41.00 previously
Tenured C-suite leader brings track record of driving innovation in financial services and tech sectors WisdomTree, Inc. (NYSE:WT), a global financial innovator, today announced that Rilla Delorier, an accomplished leader with over 30 years of executive experience leading digital transformation across the banking sector, has been appointed to WisdomTree's Board of Directors, having received the full support of the Board. Win Neuger, Chair of the WisdomTree Board, said, "Rilla is a powerhouse of digital transformation in financial services and will be a tremendous asset to our Board. She has a demonstrated ability to accelerate innovation and streamline operations, and her strategic expe
RICHMOND, Va., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation today announced that Heather Cox has been appointed to its Board of Directors, effective immediately. "Heather's extensive background in technology and banking will be a great addition to our Board," said Ronald L. Tillett, Chairman of the Company's Board of Directors. "Her deep industry knowledge will complement the background of our Board members as we continue to transform Atlantic Union Bankshares into the premier mid-Atlantic regional bank and we are excited to have her join our team." Cox, 51, was most recently Chief Digital Health and Analytics Officer at Humana. Prior to her role at Humana,
RICHMOND, Va., June 16, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bankshares Corporation today announced that Rilla Delorier has been appointed to its Board of Directors, effective immediately. "We are excited to welcome Rilla as the newest member of our Board," said Ronald L. Tillett, Chairman of the Company's Board of Directors. "Rilla has an extensive background in multiple banking disciplines, including marketing, technology, and strategic planning. She excels in bringing innovation to companies and building a strong customer-centric culture. Her skills will be a great addition to our Board as we continue to transform Atlantic Union Bankshares into the premier mid-Atlantic regional bank
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The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.34 per share of common stock, which is a $0.02, or approximately 6%, increase from the third quarter of 2024 and an approximately 6% increase from the dividend in the fourth quarter of 2023. Based on the Company's common stock closing price of $37.10 on October 24, 2024, the dividend yield is approximately 3.7%. The common stock dividend is payable on November 22, 2024 to common shareholders of record as of November 8, 2024. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock
Atlantic Union Bankshares investor call today, Monday, October 21, 2024 at 9:00 a.m. (EDT) 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 for the third quarter of 2024 and adjusted operating earnings available to common shareholders(1) of $74.5 million and adjusted diluted operating earnings per common share(1) of $0.83 for the third quarter of 2024. "Atlantic Union delivered solid financial results in the quarter and the enhanced earnings power we envisioned as a result of the American National Bankshares acquisition is now e
Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp ("Sandy Spring") (NASDAQ:SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower Mid-Atlantic, and significantly enhance the combined company's presence in Northern Virginia and Maryland. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021025221/en/ Founded in 1868, Sandy Spring is headquartered in Olne
Atlantic Union Bankshares Corporation (the "Company") today announced that it will release third quarter 2024 financial results before the market opens on Tuesday, October 22, 2024. Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Tuesday, October 22, 2024. The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/6q92at5j For analysts who wish to participate in the conference call, please register at the following URL: https://register.vevent.com/register/BI352e42e841fa454e85cc98ae24ac2697. To participate in the conference call, you must use the link to receive an audio
The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.32 per share of common stock, which is the same as the second quarter of 2024 and an approximately 7% increase from the dividend in the third quarter of 2023. Based on the Company's common stock closing price of $40.36 on July 25, 2024, the dividend yield is approximately 3.2%. The common stock dividend is payable on August 23, 2024 to common shareholders of record as of August 9, 2024. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the "Series A preferred st
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 shareholders(1) of $56.4 million and adjusted diluted operating earnings per common share(1) of $0.63 for the second quarter of 2024. Merger with American National Bankshares Inc. ("American National") On April 1, 2024, the Company completed its acquisition of American National. American National's results of operations are included in the Company's consolidated results since the date of acquisiti
Atlantic Union Bankshares Corporation (the "Company") today announced that it will release second quarter 2024 financial results before the market opens on Thursday, July 25, 2024. Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Thursday, July 25, 2024. The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/ct8s95ox. For analysts who wish to participate in the conference call, please register at the following URL: https://register.vevent.com/register/BI670b5991ba5d495ea7c519f17cf6b388. To participate in the conference call, you must use the link to receive an audi
The Board of Directors (the "Board") of Atlantic Union Bankshares Corporation (the "Company") has declared a quarterly dividend of $0.32 per share of common stock, which is the same as the first quarter of 2024 and an approximately 7% increase from the dividend in the second quarter of 2023. Based on the Company's common stock closing price of $33.63 on May 6, 2024, the dividend yield is approximately 3.8%. The common stock dividend is payable on June 7, 2024 to common shareholders of record as of May 24, 2024. The Board also declared a quarterly dividend on the outstanding shares of the Company's 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the "Series A preferred stock").
Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE:AUB) reported net income available to common shareholders of $46.8 million and basic and diluted earnings per common share of $0.62 for the first quarter of 2024 and adjusted operating earnings available to common shareholders(1) of $49.0 million and adjusted diluted operating earnings per common share(1) of $0.65 for the first quarter of 2024. Merger with American National Bankshares Inc. ("American National") On April 1, 2024, the Company completed its merger with American National. Under the terms of the merger agreement, at the effective time of the merger, each outstanding share of American National com
Atlantic Union Bankshares Corporation (the "Company") today announced that it will release first quarter 2024 financial results before the market opens on Tuesday, April 23, 2024. Following the release, the Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time on Tuesday, April 23, 2024. The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/m7656v4x. For analysts who wish to participate in the conference call, please register at the following URL: https://register.vevent.com/register/BI5e168257724b4c1d8f709d38b7cc139c. To participate in the conference call, you must use the link to receive an audio
Atlantic Union Bankshares (NYSE:AUB) reported quarterly earnings of $0.63 per share which missed the analyst consensus estimate of $0.64 by 1.56 percent. The company reported quarterly sales of $208.346 million which missed the analyst consensus estimate of $216.026 million by 3.56 percent. This is a 3.62 percent decrease over sales of $216.170 million the same period last year.
Piper Sandler analyst Casey Orr Whitman maintains Atlantic Union Bankshares (NYSE:AUB) with a Overweight and lowers the price target from $40 to $38.
Stephens & Co. analyst Russell Gunther maintains Atlantic Union Bankshares (NYSE:AUB) with a Overweight and lowers the price target from $43 to $40.
Keefe, Bruyette & Woods analyst Catherine Mealor maintains Atlantic Union Bankshares (NYSE:AUB) with a Market Perform and lowers the price target from $36 to $35.
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Atlantic Union Bankshares (NYSE:AUB) reported quarterly earnings of $0.65 per share which missed the analyst consensus estimate of $0.72 by 9.72 percent. This is a 3.17 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $173.377 million which missed the analyst consensus estimate of $181.921 million by 4.70 percent. This is a 6.32 percent increase over sales of $163.071 million the same period last year.
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