StockNews.com began coverage on shares of Union Bankshares (NASDAQ:UNB - Free Report) in a report issued on Thursday morning. The firm issued a hold rating on the bank's stock.
Union Bankshares Stock Performance
NASDAQ UNB traded up $0.03 during trading hours on Thursday, reaching $30.50. The company's stock had a trading volume of 3,370 shares, compared to its average volume of 3,883. The stock has a market cap of $137.56 million, a PE ratio of 12.20 and a beta of 0.86. Union Bankshares has a 52 week low of $20.07 and a 52 week high of $32.00. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $30.31 and a 200 day simple moving average of $28.20.
Union Bankshares (NASDAQ:UNB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.68 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 19.89% and a net margin of 18.38%.
Union Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Saturday, January 27th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.72%. The ex-dividend date was Thursday, January 25th. Union Bankshares's dividend payout ratio (DPR) is presently 57.60%.
Institutional Investors Weigh In On Union Bankshares
Hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its position in shares of Union Bankshares by 19.2% during the 4th quarter. Northern Trust Corp now owns 27,710 shares of the bank's stock worth $849,000 after acquiring an additional 4,461 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Union Bankshares during the 4th quarter worth $241,000. Vanguard Group Inc. boosted its stake in Union Bankshares by 3.9% in the third quarter. Vanguard Group Inc. now owns 144,433 shares of the bank's stock valued at $3,101,000 after buying an additional 5,449 shares in the last quarter. LPL Financial LLC grew its position in Union Bankshares by 3.3% in the third quarter. LPL Financial LLC now owns 27,209 shares of the bank's stock valued at $584,000 after acquiring an additional 874 shares during the last quarter. Finally, FMR LLC raised its stake in Union Bankshares by 48.3% during the third quarter. FMR LLC now owns 45,659 shares of the bank's stock worth $1,023,000 after acquiring an additional 14,861 shares in the last quarter. Institutional investors and hedge funds own 14.84% of the company's stock.
Union Bankshares Company Profile
(
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Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.
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