Shares of Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.05 and traded as low as $25.90. Union Bankshares shares last traded at $26.45, with a volume of 14,911 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Union Bankshares from a "hold" rating to a "sell" rating in a report on Saturday.
Check Out Our Latest Stock Report on Union Bankshares
Union Bankshares Trading Up 0.6%
The company has a market capitalization of $118.95 million, a PE ratio of 12.84 and a beta of 0.56. The company's fifty day moving average is $27.47 and its 200-day moving average is $29.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.82.
Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The bank reported $0.53 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.22%. The company had revenue of $13.20 million for the quarter.
Union Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Saturday, July 26th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, July 25th. Union Bankshares's payout ratio is currently 70.59%.
Hedge Funds Weigh In On Union Bankshares
Several institutional investors and hedge funds have recently bought and sold shares of UNB. Geode Capital Management LLC grew its holdings in shares of Union Bankshares by 105.4% during the second quarter. Geode Capital Management LLC now owns 86,310 shares of the bank's stock valued at $2,298,000 after buying an additional 44,298 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Union Bankshares during the first quarter valued at $401,000. 683 Capital Management LLC purchased a new stake in shares of Union Bankshares during the fourth quarter valued at $304,000. Alpine Global Management LLC acquired a new position in Union Bankshares during the fourth quarter valued at $269,000. Finally, Goldman Sachs Group Inc. acquired a new position in Union Bankshares during the first quarter valued at $214,000. 14.84% of the stock is owned by hedge funds and other institutional investors.
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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