Union Bankshares, Inc. (NASDAQ:UNB – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $24.15 and traded as high as $24.84. Union Bankshares shares last traded at $24.67, with a volume of 6,294 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Analysis on Union Bankshares
Union Bankshares Stock Performance
Union Bankshares (NASDAQ:UNB – Get Free Report) last announced its earnings results on Wednesday, July 15th. The bank reported $0.61 EPS for the quarter. Union Bankshares had a net margin of 13.50% and a return on equity of 15.20%. The business had revenue of $11.95 million during the quarter.
Union Bankshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, July 27th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Monday, July 27th. Union Bankshares’s dividend payout ratio (DPR) is presently 55.17%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Union Bankshares by 34,520.0% during the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock worth $46,000 after purchasing an additional 1,726 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Union Bankshares in the 4th quarter worth $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Union Bankshares in the second quarter valued at about $53,000. Russell Investments Group Ltd. purchased a new stake in shares of Union Bankshares in the third quarter valued at about $63,000. Finally, New York State Common Retirement Fund purchased a new position in Union Bankshares during the second quarter worth about $104,000. Institutional investors and hedge funds own 14.84% of the company’s stock.
Union Bankshares Company Profile
Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.
The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.
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