David Scott Silverman Acquires 1,000 Shares of Union Bankshares (NASDAQ:UNB) Stock

Union Bankshares, Inc. (NASDAQ:UNB) Director David Scott Silverman purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $23.76 per share, with a total value of $23,760.00. Following the transaction, the director owned 46,864 shares in the company, valued at approximately $1,113,488.64. The trade was a 2.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Union Bankshares Price Performance

Shares of UNB stock traded up $0.11 during trading on Friday, hitting $23.56. The company had a trading volume of 999 shares, compared to its average volume of 12,693. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $24.37 and its two-hundred day moving average is $24.08. The stock has a market capitalization of $116.62 million, a price-to-earnings ratio of 9.03 and a beta of 0.30. Union Bankshares, Inc. has a 52 week low of $20.65 and a 52 week high of $26.54.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 27th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.1%. Union Bankshares’s dividend payout ratio is presently 55.17%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of Union Bankshares in the 4th quarter worth approximately $42,000. JPMorgan Chase & Co. lifted its stake in Union Bankshares by 34,520.0% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Union Bankshares in the second quarter worth $53,000. Russell Investments Group Ltd. purchased a new stake in Union Bankshares during the third quarter valued at about $63,000. Finally, New York State Common Retirement Fund purchased a new stake in Union Bankshares during the second quarter valued at about $104,000. 14.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Union Bankshares to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings restated a “hold (c)” rating on shares of Union Bankshares in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Union Bankshares

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.