Union Bankshares (NASDAQ:UNB) Earns Hold Rating from Analysts at StockNews.com

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

Separately, TheStreet downgraded Union Bankshares from a b- rating to a c+ rating in a research report on Thursday, December 22nd.

Union Bankshares Stock Performance

Shares of NASDAQ UNB opened at $23.50 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $25.27 and a 200-day simple moving average of $24.52. The company has a market cap of $105.52 million, a PE ratio of 8.36 and a beta of 0.81. Union Bankshares has a 12-month low of $20.15 and a 12-month high of $31.58.

Union Bankshares (NASDAQ:UNB – Get Rating) last issued its quarterly earnings data on Wednesday, January 18th. The bank reported $0.77 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 21.11% and a net margin of 24.55%.

Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 2nd. Shareholders of record on Saturday, January 28th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.13%. This is an increase from Union Bankshares’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, January 26th. Union Bankshares’s dividend payout ratio is 51.25%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cardinal Capital Management increased its holdings in shares of Union Bankshares by 13.9% in the fourth quarter. Cardinal Capital Management now owns 39,070 shares of the bank’s stock valued at $915,000 after buying an additional 4,754 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Union Bankshares by 2.4% in the fourth quarter. LPL Financial LLC now owns 19,154 shares of the bank’s stock valued at $460,000 after buying an additional 450 shares in the last quarter. State Street Corp increased its holdings in shares of Union Bankshares by 9.5% in the second quarter. State Street Corp now owns 9,250 shares of the bank’s stock valued at $242,000 after buying an additional 805 shares in the last quarter. Millennium Management LLC increased 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 in the last quarter. Finally, Money Concepts Capital Corp bought a new position in shares of Union Bankshares in the fourth quarter valued at $183,000. Institutional investors own 11.50% of the company’s stock.

Union Bankshares Company Profile

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