StockNews.com downgraded shares of Union Bankshares (NASDAQ:UNB - Free Report) from a hold rating to a sell rating in a report issued on Friday.
Union Bankshares Trading Down 0.2 %
Union Bankshares stock traded down $0.05 during midday trading on Friday, reaching $28.35. The stock had a trading volume of 7,119 shares, compared to its average volume of 6,758. The stock's 50-day simple moving average is $30.49 and its 200 day simple moving average is $29.56. Union Bankshares has a twelve month low of $21.00 and a twelve month high of $37.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $128.28 million, a PE ratio of 14.61 and a beta of 0.80.
Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.
Union Bankshares Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Saturday, January 25th were issued a $0.36 dividend. The ex-dividend date was Friday, January 24th. This represents a $1.44 annualized dividend and a yield of 5.08%. Union Bankshares's dividend payout ratio is currently 74.23%.
Institutional Investors Weigh In On Union Bankshares
Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Union Bankshares by 3.0% during the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank's stock valued at $1,050,000 after acquiring an additional 1,188 shares in the last quarter. Cardinal Capital Management raised its stake in Union Bankshares by 2.2% during the fourth quarter. Cardinal Capital Management now owns 76,087 shares of the bank's stock valued at $2,200,000 after buying an additional 1,674 shares in the last quarter. Bank of America Corp DE lifted its holdings in Union Bankshares by 24.0% during the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock worth $122,000 after buying an additional 819 shares during the last quarter. Northern Trust Corp grew its position in shares of Union Bankshares by 16.8% in the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock worth $893,000 after acquiring an additional 4,436 shares in the last quarter. Finally, Alpine Global Management LLC bought a new stake in shares of Union Bankshares in the 4th quarter valued at approximately $269,000. Institutional investors and hedge funds own 14.84% of the company's stock.
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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