StockNews.com upgraded shares of Union Bankshares (NASDAQ:UNB - Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.
Union Bankshares Stock Performance
UNB traded down $1.70 on Friday, hitting $28.90. 8,227 shares of the stock traded hands, compared to its average volume of 5,628. Union Bankshares has a 52 week low of $21.00 and a 52 week high of $37.70. 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 market capitalization of $130.63 million, a PE ratio of 14.90 and a beta of 0.81. The business has a fifty day moving average price of $30.86 and a two-hundred day moving average price of $29.10.
Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.
Union Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Saturday, January 25th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.44 annualized dividend and a yield of 4.98%. Union Bankshares's dividend payout ratio is 74.23%.
Institutional Investors Weigh In On Union Bankshares
A number of institutional investors have recently added to or reduced their stakes in UNB. 683 Capital Management LLC acquired a new stake in Union Bankshares during the fourth quarter valued at approximately $304,000. Alpine Global Management LLC acquired a new stake in Union Bankshares during the fourth quarter valued at approximately $269,000. Northern Trust Corp boosted its holdings in Union Bankshares by 16.8% during the fourth quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock valued at $893,000 after purchasing an additional 4,436 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Union Bankshares by 13.2% during the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock valued at $541,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Cardinal Capital Management boosted its holdings 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 purchasing an additional 1,674 shares in the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.
About Union Bankshares
(
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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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