Union Bankshares (NASDAQ:UNB) Share Price Passes Above 50-Day Moving Average of $21.75

Shares of Union Bankshares, Inc. (NASDAQ:UNB – Get Rating) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.75 and traded as high as $21.95. Union Bankshares shares last traded at $21.80, with a volume of 2,918 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Union Bankshares in a research note on Friday. They set a “hold” rating for the company.

Union Bankshares Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.78 and a quick ratio of 0.78. The business’s 50 day moving average is $21.75 and its 200 day moving average is $23.68. The stock has a market cap of $98.32 million, a price-to-earnings ratio of 7.47 and a beta of 0.79.

Union Bankshares (NASDAQ:UNB – Get Rating) last announced its quarterly earnings results on Wednesday, April 19th. The bank reported $0.66 earnings per share for the quarter. Union Bankshares had a net margin of 23.32% and a return on equity of 23.24%. The firm had revenue of $12.10 million during the quarter.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 4th. Investors of record on Saturday, April 29th were given a $0.36 dividend. The ex-dividend date was Thursday, April 27th. This represents a $1.44 dividend on an annualized basis and a yield of 6.61%. Union Bankshares’s dividend payout ratio (DPR) is presently 49.32%.

Institutional Investors Weigh In On Union Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in Union Bankshares by 13.9% in the first quarter. State Street Corp now owns 8,445 shares of the bank’s stock valued at $260,000 after acquiring an additional 1,033 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Union Bankshares by 8.5% in the second quarter. Millennium Management LLC now owns 7,763 shares of the bank’s stock valued at $203,000 after buying an additional 610 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Union Bankshares in the fourth quarter valued at about $183,000. Bank of America Corp DE raised its holdings in shares of Union Bankshares by 244.4% in the first quarter. Bank of America Corp DE now owns 3,465 shares of the bank’s stock valued at $77,000 after buying an additional 2,459 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Union Bankshares by 86.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,713 shares of the bank’s stock valued at $38,000 after buying an additional 792 shares during the last quarter. 11.50% of the stock is owned by hedge funds and other institutional investors.

Union Bankshares Company Profile

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Union Bankshares, Inc is a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and wealth management and trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans.