Atlantic Union Bankshares (NASDAQ:AUBAP) Shares Up 0.9% – Should You Buy?

by · The Markets Daily

Shares of Atlantic Union Bankshares Co. (NASDAQ:AUBAP – Get Free Report) were up 0.9% during trading on Tuesday. The stock traded as high as $23.20 and last traded at $23.11. Approximately 14,255 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 10,800 shares. The stock had previously closed at $22.9050.

Atlantic Union Bankshares Stock Performance

The business’s 50 day moving average price is $23.94 and its 200 day moving average price is $24.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Atlantic Union Bankshares in the second quarter valued at approximately $883,523,000. Bank of New York Mellon Corp acquired a new position in Atlantic Union Bankshares during the 2nd quarter worth $57,151,000. William Blair Investment Management LLC purchased a new stake in Atlantic Union Bankshares during the 2nd quarter worth about $53,532,000. Bank of America Corp DE purchased a new position in shares of Atlantic Union Bankshares in the 2nd quarter valued at about $37,165,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Atlantic Union Bankshares in the 2nd quarter valued at about $31,880,000.

About Atlantic Union Bankshares

(Get Free Report)

Atlantic Union Bankshares Corporation is a financial holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and financial services to individuals, businesses, government entities and nonprofit organizations.

The bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, treasury and cash-management services, credit cards, online and mobile banking, mortgage services, and wealth-management solutions.

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