The Manufacturers Life Insurance Company Takes $31.88 Million Position in Atlantic Union Bankshares Co. $AUBAP

The Manufacturers Life Insurance Company acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUBAP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 753,477 shares of the company’s stock, valued at approximately $31,880,000.

Several other hedge funds have also recently added to or reduced their stakes in AUBAP. Manning & Napier Advisors LLC acquired a new stake in Atlantic Union Bankshares in the 2nd quarter valued at approximately $70,000. Sanctuary Advisors LLC acquired a new position in shares of Atlantic Union Bankshares during the second quarter worth approximately $340,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Atlantic Union Bankshares during the second quarter worth approximately $38,000. Vista Investment Management bought a new stake in shares of Atlantic Union Bankshares in the second quarter valued at approximately $550,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Atlantic Union Bankshares in the second quarter valued at approximately $708,000.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock opened at $24.32 on Friday. The company’s fifty day simple moving average is $24.52 and its 200-day simple moving average is $24.63. 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.