Union Bankshares (NASDAQ:UNB - Get Free Report) announced its quarterly earnings data on Wednesday. The bank reported $0.53 earnings per share (EPS) for the quarter, Zacks reports. Union Bankshares had a return on equity of 13.22% and a net margin of 11.17%. The business had revenue of $13.20 million for the quarter.
Union Bankshares Trading Up 1.1%
Shares of Union Bankshares stock traded up $0.30 during trading hours on Monday, reaching $26.97. 1,857 shares of the company's stock were exchanged, compared to its average volume of 10,380. Union Bankshares has a 52-week low of $22.60 and a 52-week high of $37.70. The firm has a market capitalization of $122.42 million, a price-to-earnings ratio of 13.22 and a beta of 0.54. The company has a fifty day moving average of $28.95 and a 200-day moving average of $30.19. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23.
Union Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Saturday, July 26th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, July 25th. This represents a $1.44 annualized dividend and a dividend yield of 5.34%. Union Bankshares's dividend payout ratio is currently 70.59%.
Analyst Ratings Changes
Separately, Wall Street Zen raised Union Bankshares from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st.
View Our Latest Research Report on UNB
Hedge Funds Weigh In On Union Bankshares
A hedge fund recently bought a new stake in Union Bankshares stock. Goldman Sachs Group Inc. acquired a new position in Union Bankshares, Inc. (NASDAQ:UNB - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,801 shares of the bank's stock, valued at approximately $214,000. Goldman Sachs Group Inc. owned 0.15% of Union Bankshares as of its most recent filing with the SEC. 14.84% of the stock is owned by institutional investors and hedge funds.
About Union Bankshares
(
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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