Key Points
- Director David Scott Silverman bought 1,000 Union Bankshares shares at an average price of $23.76, investing $23,760 and increasing his holdings by 2.18% to 46,864 shares.
- Union Bankshares shares opened at $23.60, with a market capitalization of approximately $116.82 million and a price-to-earnings ratio of 9.04. The stock’s 12-month range is $20.65 to $26.54.
- The company pays a quarterly dividend of $0.36, equivalent to $1.44 annually and a 6.1% yield; analysts maintain a consensus “Hold” rating, while institutional investors own 14.84% of the stock.
Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) Director David Scott Silverman bought 1,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $23.76 per share, with a total value of $23,760.00. Following the completion of the purchase, the director owned 46,864 shares in the company, valued at $1,113,488.64. This represents a 2.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Union Bankshares Stock Up 0.6%
Shares of UNB stock opened at $23.60 on Friday. The firm has a fifty day moving average of $24.37 and a 200-day moving average of $24.08. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. Union Bankshares, Inc. has a 12-month low of $20.65 and a 12-month high of $26.54. The company has a market capitalization of $116.82 million, a price-to-earnings ratio of 9.04 and a beta of 0.30.
Union Bankshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 27th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $1.44 dividend on an annualized basis and a yield of 6.1%. Union Bankshares's dividend payout ratio is presently 55.17%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on UNB. Wall Street Zen raised Union Bankshares to a "hold" rating in a research note on Saturday, July 25th. 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, the company has a consensus rating of "Hold".
Get Our Latest Analysis on Union Bankshares
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in UNB. Kestra Advisory Services LLC bought a new position in Union Bankshares in the fourth quarter valued at $42,000. JPMorgan Chase & Co. lifted its position in Union Bankshares by 34,520.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank's stock worth $46,000 after buying an additional 1,726 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Union Bankshares during the 2nd quarter worth about $53,000. Russell Investments Group Ltd. acquired a new position in shares of Union Bankshares during the 3rd quarter worth about $63,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Union Bankshares during the 2nd quarter worth about $104,000. Institutional investors and hedge funds own 14.84% of the company's stock.
Union Bankshares Company Profile
(
Get Free Report)
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.
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