Union Bankshares, Inc. (UNB) Releases Earnings Results
Union Bankshares, Inc. (NASDAQ:UNB) announced its quarterly earnings results on Wednesday. The bank reported $0.53 EPS for the quarter, Bloomberg Earnings reports. Union Bankshares had a return on equity of 15.30% and a net margin of 23.28%.
Union Bankshares (NASDAQ UNB) traded up 1.64% during mid-day trading on Friday, reaching $46.45. The company had a trading volume of 887 shares. Union Bankshares has a one year low of $32.55 and a one year high of $50.30. The firm has a market capitalization of $207.26 million, a P/E ratio of 23.63 and a beta of 0.33. The firm’s 50-day moving average is $46.75 and its 200-day moving average is $44.13.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Saturday, October 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.16 dividend on an annualized basis and a yield of 2.54%. Union Bankshares’s payout ratio is 58.88%.
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A hedge fund recently raised its stake in Union Bankshares stock. State Street Corp grew its position in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,254 shares of the bank’s stock after acquiring an additional 5,070 shares during the quarter. State Street Corp owned about 1.22% of Union Bankshares worth $2,583,000 as of its most recent filing with the Securities & Exchange Commission. 14.26% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised Union Bankshares from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th.
About Union Bankshares
Union Bankshares, Inc is a one-bank holding company whose subsidiary is Union Bank (Union or the Bank). The Company’s business is that of a community bank in the financial services industry. The Company operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire.
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