Union Bankshares (NASDAQ:UNB) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Union Bankshares (NASDAQ:UNB) in a research report released on Thursday. The firm issued a hold rating on the bank’s stock.

Union Bankshares Trading Up 0.1 %

UNB opened at $30.50 on Thursday. The stock’s fifty day moving average is $30.28 and its two-hundred day moving average is $28.21. The company has a market capitalization of $137.56 million, a P/E ratio of 12.20 and a beta of 0.86. Union Bankshares has a 52 week low of $20.07 and a 52 week high of $32.00. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.33.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.68 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 19.89% and a net margin of 18.38%.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Saturday, January 27th were issued a $0.36 dividend. The ex-dividend date was Thursday, January 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.72%. Union Bankshares’s dividend payout ratio is presently 57.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UNB. Tower Research Capital LLC TRC grew its stake in Union Bankshares by 617.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,205 shares of the bank’s stock worth $27,000 after buying an additional 1,037 shares during the last quarter. Bank of America Corp DE grew its stake in Union Bankshares by 244.4% during the 1st quarter. Bank of America Corp DE now owns 3,465 shares of the bank’s stock valued at $77,000 after purchasing an additional 2,459 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in Union Bankshares during the 4th quarter valued at about $183,000. Millennium Management LLC grew its stake in Union Bankshares by 8.5% during the 2nd quarter. Millennium Management LLC now owns 7,763 shares of the bank’s stock valued at $203,000 after purchasing an additional 610 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Union Bankshares during the 4th quarter valued at about $241,000. 14.84% of the stock is currently owned by hedge funds and other institutional investors.

About Union Bankshares

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.