Corient Private Wealth LP Takes Position in Atlantic Union Bankshares Co. $AUBAP

Corient Private Wealth LP purchased a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUBAP) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 42,155 shares of the company’s stock, valued at approximately $1,784,000.

A number of other hedge funds have also recently added to or reduced their stakes in AUBAP. Bank of America Corp DE purchased a new stake in Atlantic Union Bankshares in the 2nd quarter valued at approximately $37,165,000. Basswood Capital Management L.L.C. acquired a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $8,068,000. Bontempo Ohly Capital Mgmt LLC acquired a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $1,587,000. Freestone Grove Partners LP acquired a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $1,245,000. Finally, Man Group plc purchased a new stake in shares of Atlantic Union Bankshares in the second quarter valued at approximately $2,054,000.

Atlantic Union Bankshares Stock Down 2.3%

Shares of AUBAP stock opened at $23.88 on Friday. The business’s fifty day moving average price is $24.47 and its 200 day moving average price is $24.61. Atlantic Union Bankshares Co. has a 1-year low of $22.80 and a 1-year high of $27.96.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation is a bank holding company and the parent of Atlantic Union Bank, a regional financial institution serving primarily Virginia and select markets in North Carolina, Maryland and the District of Columbia. The company offers a full suite of banking services to individuals, small- and mid-sized businesses, and commercial clients, including deposit accounts, consumer and commercial lending, treasury management, mortgage financing and wealth management services. Atlantic Union Bank emphasizes a relationship-driven approach, combining local decision-making authority with digital banking capabilities to support day-to-day financial needs and long-term growth objectives.

Founded on the heritage of Union Bank & Trust, which traces its origins to Winchester, Virginia in the early 20th century, Atlantic Union Bankshares emerged from the merger of Union Bankshares and Xenith Bank in 2018.