Union Bankshares (NASDAQ:UNB - Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $0.53 earnings per share for the quarter, Zacks reports. The business had revenue of $13.20 million during the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.22%.
Union Bankshares Trading Down 1.9%
Union Bankshares stock traded down $0.53 during trading hours on Friday, hitting $26.67. The company had a trading volume of 6,231 shares, compared to its average volume of 10,414. The firm has a market cap of $121.08 million, a P/E ratio of 13.07 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.82. Union Bankshares has a 1 year low of $22.60 and a 1 year high of $37.70. The company has a 50-day moving average price of $28.95 and a two-hundred day moving average price of $30.18.
Union Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Saturday, July 26th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.40%. Union Bankshares's dividend payout ratio is presently 70.59%.
Institutional Investors Weigh In On Union Bankshares
A hedge fund recently bought a new stake in Union Bankshares stock. Jane Street Group LLC acquired a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,738 shares of the bank's stock, valued at approximately $401,000. Jane Street Group LLC owned approximately 0.28% of Union Bankshares as of its most recent SEC filing. Hedge funds and other institutional investors own 14.84% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Union Bankshares from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st.
Check Out Our Latest Analysis on UNB
Union Bankshares Company Profile
(
Get Free Report)
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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