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 |
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
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
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
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 fourth quarter of 2023 and an approximately 7% increase from the dividend in the first quarter of 2023. Based on the Company's common stock closing price of $35.22 on January 25, 2024, the dividend yield is approximately 3.6%. The common stock dividend is payable on February 23, 2024 to common shareholders of record as of February 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 prefe
Atlantic Union Bankshares Corporation (the "Company" or "Atlantic Union") (NYSE:AUB) reported net income available to common shareholders of $53.9 million and basic and diluted earnings per common share of $0.72 for the fourth quarter of 2023 and adjusted operating earnings available to common shareholders(1) of $58.9 million and adjusted diluted operating earnings per common share(1) of $0.78 for the fourth quarter of 2023. Net income available to common shareholders was $190.0 million and basic and diluted earnings per common share were $2.53 for the year ended December 31, 2023. Adjusted operating earnings available to common shareholders(1) were $221.2 million and adjusted diluted ope
Atlantic Union Bankshares Corporation (the "Company") today announced that it will release fourth quarter and full year 2023 financial results before the market opens on Tuesday, January 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, January 23, 2024. The listen-only webcast and the accompanying slides can be accessed at: https://edge.media-server.com/mmc/p/7yyvrwjv. For analysts who wish to participate in the conference call, please register at the following URL: https://register.vevent.com/register/BIfcd55f61c1d2456f9533b66bb36886b9. To participate in the conference call, you must use the link
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 an approximately 7% increase from the dividend in the third quarter of 2023 and the fourth quarter of 2022. Based on the Company's common stock closing price of $27.74 on October 25, 2023, the dividend yield is approximately 4.6%. The common stock dividend is payable on November 24, 2023 to common shareholders of record as of November 10, 2023. 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"
N-PX/A - Atlantic Union Bankshares Corp (0000883948) (Filer)
N-PX - Atlantic Union Bankshares Corp (0000883948) (Filer)
S-3ASR - Atlantic Union Bankshares Corp (0000883948) (Filer)
10-Q - Atlantic Union Bankshares Corp (0000883948) (Filer)
8-K - Atlantic Union Bankshares Corp (0000883948) (Filer)
8-K - Atlantic Union Bankshares Corp (0000883948) (Filer)
8-K - Atlantic Union Bankshares Corp (0000883948) (Filer)
13F-HR - Atlantic Union Bankshares Corp (0000883948) (Filer)
8-K - Atlantic Union Bankshares Corp (0000883948) (Filer)
8-K - Atlantic Union Bankshares Corp (0000883948) (Filer)
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").
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 ("Atlantic Union") announced today that it has completed its previously announced merger with American National Bankshares Inc. ("American National"), effective April 1, 2024. This transaction strengthens Atlantic Union's presence in Central, Western and Southern Virginia and provides a meaningful entry into North Carolina's Piedmont Triad region and Raleigh. Under the terms of the merger agreement, American National shareholders will receive 1.35 shares of Atlantic Union common stock in exchange for each share of American National common stock, with cash paid in lieu of fractional shares. Based on the closing price of Atlantic Union common stock of $
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 Bank announced today that it has earned a 2024 Top Workplaces USA award issued by Energage for the second year in a row. The Top Workplaces program has a 15-year history of surveying more than 20 million employees in the U.S. and recognizing leading organizations for regional Top Workplaces awards. "It's an honor to be named a Top Workplace for the second year in a row," said John Asbury, CEO of Atlantic Union Bank. "Our teammates' honest feedback has been instrumental in shaping our culture and driving success. We are incredibly grateful for their support, without which this recognition would not be possible." Atlantic Union Bank's culture is centered on our core values
New Facility Represents Second Partnership: Competitive Cost of Capital Benefits Solar and Storage Developers Across the Country VIENNA, Va., Feb. 28, 2024 /PRNewswire/ -- SolaREIT™, a renewable energy real estate investment company, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT™'s
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
4 - Atlantic Union Bankshares Corp (0000883948) (Issuer)
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.
Companies Reporting Before The Bell • RTX (NYSE:RTX) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion. • MSCI (NYSE:MSCI) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million. • Quest Diagnostics (NYSE:DGX) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion. • Community Bank System (NYSE:CBU) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million. • Herc Hldgs (NYSE:HRI) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million. • JetBlue Airways (NASDAQ:JBLU) is expected to report quarterly loss at $0.52 p
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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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