Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $26.62 and traded as high as $28.86. Union Bankshares shares last traded at $28.65, with a volume of 14,357 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com cut Union Bankshares from a "buy" rating to a "hold" rating in a research report on Monday, August 12th.
Read Our Latest Stock Analysis on Union Bankshares
Union Bankshares Price Performance
The stock has a market cap of $130.07 million, a price-to-earnings ratio of 14.66 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.79. The business's 50-day simple moving average is $26.67 and its two-hundred day simple moving average is $24.90.
Union Bankshares (NASDAQ:UNB - Get Free Report) last released its quarterly earnings data on Friday, August 9th. The bank reported $0.45 EPS for the quarter. Union Bankshares had a return on equity of 13.53% and a net margin of 13.63%. The firm had revenue of $12.25 million during the quarter.
Union Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Saturday, October 26th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Friday, October 25th. Union Bankshares's dividend payout ratio (DPR) is currently 73.85%.
Institutional Investors Weigh In On Union Bankshares
A number of large investors have recently made changes to their positions in UNB. Cardinal Capital Management boosted its holdings in Union Bankshares by 15.1% in the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank's stock worth $1,930,000 after purchasing an additional 9,784 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Union Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank's stock worth $664,000 after purchasing an additional 2,914 shares during the period. Renaissance Technologies LLC lifted its position in Union Bankshares by 7.7% during the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank's stock valued at $301,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Community Financial Services Group LLC acquired a new position in Union Bankshares during the 3rd quarter valued at approximately $220,000. 14.84% of the stock is currently owned by 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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