Atlantic Union Bankshares Co. (NASDAQ:AUBAP – Get Free Report)’s share price shot up 0.2% during trading on Wednesday. The company traded as high as $22.2850 and last traded at $22.19. 26,189 shares traded hands during mid-day trading, an increase of 142% from the average session volume of 10,800 shares. The stock had previously closed at $22.15.
Atlantic Union Bankshares Price Performance
The company has a 50-day simple moving average of $23.45 and a two-hundred day simple moving average of $24.35.
Institutional Investors Weigh In On Atlantic Union Bankshares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Atlantic Union Bankshares during the 2nd quarter valued at $38,000. Manning & Napier Advisors LLC purchased a new position in shares of Atlantic Union Bankshares in the second quarter valued at about $70,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Atlantic Union Bankshares in the second quarter valued at about $200,000. Global Retirement Partners LLC purchased a new position in shares of Atlantic Union Bankshares in the second quarter valued at about $206,000. Finally, Empowered Funds LLC bought a new position in shares of Atlantic Union Bankshares during the second quarter valued at about $208,000.
About Atlantic Union Bankshares
Atlantic Union Bankshares Corporation is a bank holding company whose principal subsidiary, Atlantic Union Bank, provides banking and financial services to individuals, businesses and organizations. Its offerings include checking and savings accounts, consumer and commercial loans, mortgage services, and digital banking.
The company also serves business clients with services such as commercial lending, cash management and other treasury solutions. Through its banking and related operations, Atlantic Union serves communities across Virginia and neighboring parts of the Mid-Atlantic region.
Atlantic Union Bankshares adopted its current name in 2019, reflecting the Atlantic Union Bank brand used by its principal banking subsidiary.
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