Union Bankshares (NASDAQ:UNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Union Bankshares (NASDAQ:UNB) to a hold rating in a report published on Saturday morning.

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

Union Bankshares Trading Down 4.8%

UNB stock opened at $23.62 on Friday. The company has a market capitalization of $108.89 million, a PE ratio of 9.05 and a beta of 0.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.79 and a current ratio of 0.79. Union Bankshares has a one year low of $20.65 and a one year high of $28.06. The company’s 50 day moving average price is $24.17 and its two-hundred day moving average price is $24.21.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $0.61 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 13.50% and a return on equity of 15.20%. The company had revenue of $11.95 million during the quarter.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, July 27th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, July 27th. Union Bankshares’s payout ratio is 55.17%.

Institutional Trading of Union Bankshares

A number of institutional investors have recently made changes to their positions in UNB. Goldman Sachs Group Inc. purchased a new position in shares of Union Bankshares in the first quarter worth $214,000. Jane Street Group LLC purchased a new stake in Union Bankshares during the 1st quarter valued at $401,000. Geode Capital Management LLC boosted its position in Union Bankshares by 105.4% during the 2nd quarter. Geode Capital Management LLC now owns 86,310 shares of the bank’s stock valued at $2,298,000 after buying an additional 44,298 shares during the period. JPMorgan Chase & Co. grew its holdings in Union Bankshares by 34,520.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock worth $46,000 after acquiring an additional 1,726 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Union Bankshares in the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 14.84% of the company’s stock.

Union Bankshares Company Profile

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.