Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $31.30 and traded as high as $33.00. Union Bankshares shares last traded at $31.50, with a volume of 12,840 shares.
Analyst Ratings Changes
Separately, StockNews.com cut Union Bankshares from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th.
Check Out Our Latest Stock Analysis on UNB
Union Bankshares Stock Performance
The stock's fifty day simple moving average is $31.30 and its two-hundred day simple moving average is $26.73. The company has a market cap of $142.54 million, a price-to-earnings ratio of 16.15 and a beta of 0.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.
Union Bankshares (NASDAQ:UNB - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.29 EPS for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.
Union Bankshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Saturday, October 26th were issued a $0.36 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.44 annualized dividend and a yield of 4.57%. Union Bankshares's dividend payout ratio is currently 73.85%.
Hedge Funds Weigh In On Union Bankshares
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Community Financial Services Group LLC purchased a new position in Union Bankshares in the 3rd quarter valued at about $220,000. Renaissance Technologies LLC lifted its stake in shares of Union Bankshares by 7.7% in the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank's stock worth $301,000 after acquiring an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank's stock valued at $664,000 after purchasing an additional 2,914 shares during the last quarter. Cardinal Capital Management grew its stake in Union Bankshares by 15.1% during the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank's stock valued at $1,930,000 after purchasing an additional 9,784 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Union Bankshares by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank's stock worth $1,050,000 after purchasing an additional 1,188 shares during the last quarter. Hedge funds and other institutional investors 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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