Targeted Stock: Atlantic Union Bankshares Corporation (NASDAQ: AUB)

On 03 Feb 2020, Atlantic Union Bankshares Corporation (NASDAQ: AUB) changed 2.40% to recent value of $34.5. The stock transacted 312174 shares during most recent day however it has an average volume of 236.63K shares. It spotted trading -14.18% off 52-week high price. On the other end, the stock has been noted 12.78% away from the low price over the last 52-weeks.

Atlantic Union Bankshares Corporation (AUB) recently stated net income of $55.8M and earnings per share of $0.69 for its fourth quarter ended December 31, 2019. Net operating earnings (1) were $57.3M and operating earnings per share (1) were $0.71 for its fourth quarter ended December 31, 2019; these operating results exclude $709,000 in after-tax merger and $713,000 in after-tax rebranding-related costs.

Net income was $193.5M and earnings per share were $2.41 for the year ended December 31, 2019. Net operating earnings(1) were $220.9M and operating earnings per share(1) were $2.75 for the year ended December 31, 2019; these operating results exclude $22.3M in after-tax merger and $5.1M in after-tax rebranding-related costs but include after tax losses from discontinued operations of $170,000 and about $1.0M in after-tax expenses related to branch closure costs.

Select highlights for the fourth quarter of 2019

Return on Average Assets (“ROA”) was 1.27% contrast to 1.23% in the third quarter of 2019. Operating ROA (1) was 1.30% contrast to 1.29% in the third quarter of 2019.

Return on Average Equity (“ROE”) was 8.81% contrast to 8.35% in the third quarter of 2019. Operating ROE (1) was 9.03% contrast to 8.80% in the third quarter of 2019.

Operating Return on Average Tangible Ordinary Equity (“ROTCE”)(1) was 16.01% contrast to 15.64% in the third quarter of 2019.

Efficiency ratio improved to 57.40% from 60.47% in the third quarter of 2019. Operating efficiency ratio (FTE) (1) improved to 52.65% from 55.12% in the third quarter of 2019.

Select highlights for the full year 2019

ROA was 1.15% contrast to 1.11% for the year ended 2018. Operating ROA (1) was 1.31% contrast to 1.35% for the year ended 2018.

ROE was 7.89% contrast to 7.85% for the year ended 2018. Operating ROE (1) was 9.01% contrast to 9.57% for the year ended 2018.

Operating ROTCE (1) was 16.14% contrast to 17.35% for the year ended 2018.

Efficiency ratio improved to 62.37% from 63.62% for the year ended 2018. Operating efficiency ratio (FTE) (1) increased to 53.61% from 52.90% for the year ended 2018.

AUB has a gross margin of # ref and an operating margin of 66.40% while its profit margin remained 23.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 26.50% for this year while earning per share for the next 5-years is expected to reach at 8.00%.  The company has 82.35M of outstanding shares and 78.36M shares were floated in the market. According to the most recent quarter its current ratio was # ref that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.96% from the mean of 20 days, -7.05% from mean of 50 days SMA and performed -5.36% from mean of 200 days price. Company’s performance for the week was -0.20%, -8.44% for month and YTD performance remained -8.12%.

 

Alicia Gainey

Alicia Gainey–Technology and Energy My name is Alicia Gainey, and I am 31 years of age who is an industrialist rather than a writer. I need to grab the eye of my group of readers without sounding excessively dry and boring. I am that kind of individual who treasures his extra time by composing my contemplations and thoughts for my group of readers. My writing areas of interests are not kept to a particular field, I composed on numerous themes, however, technology and business articles are forever my top pick. I love to communicate through inventive modes, for example, drawing, singing, and composing. I love to invest my relaxation time with my adored cat, rest or by playing my preferred computer games.

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