Union Bankshares (NASDAQ:UNB) Releases Earnings Results

Union Bankshares (NASDAQ:UNB) announced its quarterly earnings data on Wednesday. The bank reported $0.61 earnings per share for the quarter, FiscalAI reports. Union Bankshares had a net margin of 13.50% and a return on equity of 15.20%. The business had revenue of $11.95 million for the quarter.

Union Bankshares Stock Up 1.6%

UNB opened at $25.70 on Friday. Union Bankshares has a one year low of $20.65 and a one year high of $29.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $118.48 million, a P/E ratio of 9.85 and a beta of 0.28. The business’s 50-day simple moving average is $24.02 and its 200-day simple moving average is $24.16.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, July 27th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, July 27th. This represents a $1.44 annualized dividend and a dividend yield of 5.6%. Union Bankshares’s dividend payout ratio (DPR) is presently 56.92%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Union Bankshares has an average rating of “Hold”.

Institutional Trading of Union Bankshares

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Union Bankshares by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock valued at $1,015,000 after purchasing an additional 1,707 shares during the period. State Street Corp grew its holdings in shares of Union Bankshares by 1.8% during the fourth quarter. State Street Corp now owns 37,275 shares of the bank’s stock worth $885,000 after buying an additional 649 shares during the last quarter. Jane Street Group LLC acquired a new position in Union Bankshares in the 1st quarter valued at about $401,000. Goldman Sachs Group Inc. acquired a new position in Union Bankshares in the 4th quarter valued at about $311,000. Finally, Barclays PLC raised its stake in Union Bankshares by 42.5% during the 4th quarter. Barclays PLC now owns 8,542 shares of the bank’s stock valued at $203,000 after acquiring an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.