Union Bankshares (NASDAQ:UNB) Issues Earnings Results

Union Bankshares (NASDAQ:UNB) posted its quarterly earnings data on Wednesday. The bank reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Union Bankshares had a return on equity of 14.78% and a net margin of 12.75%.

Union Bankshares Stock Down 0.2%

Shares of NASDAQ:UNB traded down $0.05 on Wednesday, hitting $24.25. 2,069 shares of the company traded hands, compared to its average volume of 9,893. Union Bankshares has a 52 week low of $20.65 and a 52 week high of $36.00. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $24.02 and a 200-day simple moving average of $23.88. The company has a market cap of $111.81 million, a PE ratio of 9.98 and a beta of 0.36.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Saturday, January 31st were issued a dividend of $0.36 per share. The ex-dividend date was Friday, January 30th. This represents a $1.44 annualized dividend and a dividend yield of 5.9%. Union Bankshares’s dividend payout ratio (DPR) is presently 59.26%.

Analyst Upgrades and Downgrades

UNB has been the subject of several analyst reports. Wall Street Zen upgraded Union Bankshares to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Union Bankshares in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Union Bankshares currently has an average rating of “Hold”.

Institutional Investors Weigh In On Union Bankshares

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Union Bankshares by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock worth $4,583,000 after buying an additional 529 shares in the last quarter. Geode Capital Management LLC increased its holdings in Union Bankshares by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 87,314 shares of the bank’s stock worth $2,072,000 after buying an additional 1,249 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Union Bankshares by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock worth $1,015,000 after buying an additional 1,707 shares in the last quarter. State Street Corp increased its holdings in Union Bankshares by 1.8% in the 4th quarter. State Street Corp now owns 37,275 shares of the bank’s stock worth $885,000 after buying an additional 649 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Union Bankshares in the 4th quarter worth about $311,000. 14.84% of the stock is currently owned by institutional investors.

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.