Atlantic Union Bancshares (AUB) is a bank holding company that focuses on providing financial and banking solutions through its subsidiaries. It provides customers with a host of services such as savings accounts, debit and credit cards, certificates of deposit, and home, vehicle, and personal loans. The company also serves as a wealth management, investment advisory, insurance, and brokerage solution provider.
Atlantic Union Bancshares’ stock is struggling at the moment. It has lost 11% in the last month and is trading near its 52-week low of $30.43. The stock has slid more than 20% from its 52-week high of $44.54 set on Nov. 25.
Atlantic Union Rated Top Dividend Stock
Experts at MarketWatch recently prepared a dividend stock screen aimed at investors seeking extra income right now. They used these criteria:
- The stock must have a dividend yield between 3% and 10%.
- The stock is covered by at least five analysts surveyed by FactSet.
- The stock must have a minimum 11.8% two-year sales CAGR, double that of the S&P 500 Index ($SPX).
- The stock must have a minimum 19.3% two-year EPS CAGR, on par with S&P Small Cap 600 (VIOO).
Atlantic Union Bancshares came out on top of the list with a whopping 38.1% two-year estimated sales compound annual growth rate (CAGR). The company has a healthy dividend yield of 3.99% and a two-year estimated EPS CAGR of 20.9%.
Atlantic Union Bancshares Misses Estimates
Atlantic Union Bancshares reported its fourth quarter and full-year results on Jan. 23. The company posted a profit of $57.8 million, translating to a profit of $0.67 per adjusted diluted share. This missed analysts’ $0.76 estimate. The company generated total revenue of $222.27 million during the quarter, just edging past Wall Street’s estimated $221.07 million. This represents 18% growth year-over-year.
The financial service company reported net interest income of $183.2 million, a slight increase from $182.9 million reported in the third quarter.
The company ended the quarter with a cash balance of $354.07 million, down from $378.13 million posted in the same quarter last year.
The company’s fourth-quarter results were impacted by the costs incurred from the series of mergers it participated in 2024. It started with the American National Bancshares deal which closed in April 2024, followed by the proposed agreement to acquire Sandy Spring Bancorp (SASR) announced on Oct. 21.
Analysts’ Rating on AUB Stock
Analysts see plenty of room for growth in Atlantic Union Bancshares. The experts have a consensus “Moderate Buy” rating with a mean price target of $46.60, reflecting potential price upside of nearly 37% from the current market level.
At present, five analysts are monitoring the stock with three analysts providing a “Strong Buy” rating, one “Moderate Buy” rating, and one “Hold” rating.
