Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.37 and traded as low as $28.31. Union Bankshares shares last traded at $28.74, with a volume of 6,573 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Union Bankshares from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd.
View Our Latest Report on UNB
Union Bankshares Stock Down 0.9 %
The firm has a market capitalization of $129.21 million, a price-to-earnings ratio of 14.72 and a beta of 0.81. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company's 50 day moving average price is $30.49 and its 200 day moving average price is $29.42.
Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The bank reported $0.67 earnings per share for 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, February 6th. Shareholders of record on Saturday, January 25th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, January 24th. Union Bankshares's dividend payout ratio is presently 74.23%.
Institutional Investors Weigh In On Union Bankshares
A number of hedge funds and other institutional investors have recently modified their holdings of UNB. Alpine Global Management LLC acquired a new stake in Union Bankshares during the 4th quarter worth $269,000. Bank of America Corp DE grew its holdings in shares of Union Bankshares by 24.0% in the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock worth $122,000 after acquiring an additional 819 shares during the period. 683 Capital Management LLC acquired a new position in Union Bankshares during the fourth quarter worth about $304,000. Northern Trust Corp increased its position in Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock worth $893,000 after purchasing an additional 4,436 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Union Bankshares by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock valued at $1,020,000 after acquiring an additional 1,474 shares during the last quarter. 14.84% of the stock is currently owned by institutional investors and hedge funds.
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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