William Blair Investment Management LLC Takes Position in Atlantic Union Bankshares Co. $AUBAP

William Blair Investment Management LLC acquired a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUBAP) during the second quarter, HoldingsChannel reports. The firm acquired 1,265,239 shares of the company’s stock, valued at approximately $53,532,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in Atlantic Union Bankshares in the second quarter worth about $206,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Atlantic Union Bankshares during the 2nd quarter valued at about $262,000. PCM Encore LLC bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth about $270,000. Csenge Advisory Group bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth about $279,000. Finally, NewEdge Wealth LLC bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth about $284,000.

Atlantic Union Bankshares Stock Down 0.3%

Shares of NASDAQ:AUBAP opened at $24.50 on Friday. The company has a 50 day moving average of $24.55 and a 200-day moving average of $24.64. Atlantic Union Bankshares Co. has a twelve month low of $22.80 and a twelve month high of $27.96.

Atlantic Union Bankshares Company Profile

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.