Union Bankshares, Inc. (NASDAQ:UNB) issued its earnings results on Wednesday, July 19th. The bank reported $0.50 EPS for the quarter, Bloomberg Earnings reports. Union Bankshares had a net margin of 23.35% and a return on equity of 15.34%.
Shares of Union Bankshares (UNB) opened at 42.70 on Tuesday. The stock has a market capitalization of $190.53 million, a PE ratio of 21.72 and a beta of 0.29. The company has a 50-day moving average of $45.17 and a 200-day moving average of $42.88. Union Bankshares has a 12 month low of $32.55 and a 12 month high of $50.15.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 28th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 2.72%.
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Separately, ValuEngine raised shares of Union Bankshares from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th.
An institutional investor recently raised its position in Union Bankshares stock. State Street Corp increased its stake in Union Bankshares, Inc. (NASDAQ:UNB) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,254 shares of the bank’s stock after buying an additional 5,070 shares during the period. State Street Corp owned 1.22% of Union Bankshares worth $2,583,000 as of its most recent filing with the SEC. 14.29% of the stock is currently owned by institutional investors and hedge funds.
Union Bankshares Company Profile
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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