Union Bankshares’ (UNB) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of Union Bankshares (NASDAQ:UNB) in a research note issued to investors on Friday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Union Bankshares Stock Performance

Shares of Union Bankshares stock opened at $24.76 on Friday. The firm has a fifty day moving average of $25.58 and a two-hundred day moving average of $28.08. The stock has a market capitalization of $112.66 million, a price-to-earnings ratio of 12.14 and a beta of 0.55. Union Bankshares has a 52 week low of $23.80 and a 52 week high of $37.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.82.

Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Saturday, October 25th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Friday, October 24th. Union Bankshares’s dividend payout ratio (DPR) is presently 70.59%.

Institutional Trading of Union Bankshares

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Union Bankshares by 30.1% during the 2nd quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock worth $156,000 after buying an additional 1,355 shares during the period. JPMorgan Chase & Co. increased its holdings in Union Bankshares by 34,520.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock worth $46,000 after purchasing an additional 1,726 shares in the last quarter. Cardinal Capital Management increased its holdings in Union Bankshares by 2.1% during the 2nd quarter. Cardinal Capital Management now owns 84,511 shares of the bank’s stock worth $2,250,000 after purchasing an additional 1,773 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Union Bankshares during the 2nd quarter worth about $53,000. Finally, New York State Common Retirement Fund bought a new position in Union Bankshares during the 2nd quarter worth about $104,000. Institutional investors and hedge funds own 14.84% of the company’s stock.

About Union Bankshares

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.