Shares of Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.28 and traded as low as $28.58. Union Bankshares shares last traded at $28.73, with a volume of 2,246 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Union Bankshares from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st.
View Our Latest Analysis on UNB
Union Bankshares Trading Down 2.0%
The stock has a market capitalization of $128.95 million, a PE ratio of 14.64 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $31.34 and a 200-day moving average price of $31.25.
Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.55 earnings per share for the quarter. The company had revenue of $12.70 million during the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.
Union Bankshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Saturday, April 26th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.44 annualized dividend and a dividend yield of 5.07%. Union Bankshares's payout ratio is currently 73.47%.
Institutional Investors Weigh In On Union Bankshares
A number of hedge funds have recently modified their holdings of UNB. Bank of America Corp DE grew its holdings in Union Bankshares by 24.0% during the fourth quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock valued at $122,000 after purchasing an additional 819 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Union Bankshares during the 1st quarter valued at $214,000. Alpine Global Management LLC bought a new position in shares of Union Bankshares during the 4th quarter worth $269,000. 683 Capital Management LLC purchased a new stake in Union Bankshares in the 4th quarter worth about $304,000. Finally, Jane Street Group LLC purchased a new stake in Union Bankshares in the 1st quarter worth about $401,000. Institutional investors own 14.84% of the company's stock.
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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