Union Bankshares (UNB) Hits New 1-Year Low at $43.00

Share on StockTwits

Union Bankshares Inc (NASDAQ:UNB) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $43.00 and last traded at $45.36, with a volume of 4164 shares traded. The stock had previously closed at $46.88.

Separately, Brean Capital upgraded shares of Union Bankshares to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, October 18th.

The firm has a market capitalization of $212.57 million, a P/E ratio of 21.54 and a beta of 0.55.

Union Bankshares (NASDAQ:UNB) last announced its earnings results on Wednesday, October 17th. The bank reported $0.52 EPS for the quarter. Union Bankshares had a net margin of 23.69% and a return on equity of 16.60%.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Shareholders of record on Monday, October 29th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, October 26th.

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in Union Bankshares by 18.7% in the first quarter. Wells Fargo & Company MN now owns 6,624 shares of the bank’s stock valued at $336,000 after acquiring an additional 1,042 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Union Bankshares by 27.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,500 shares of the bank’s stock valued at $390,000 after acquiring an additional 1,600 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Union Bankshares by 39.3% in the second quarter. Renaissance Technologies LLC now owns 12,400 shares of the bank’s stock valued at $644,000 after purchasing an additional 3,500 shares during the period. Finally, BlackRock Inc. raised its position in shares of Union Bankshares by 5.3% in the second quarter. BlackRock Inc. now owns 182,762 shares of the bank’s stock valued at $9,485,000 after purchasing an additional 9,205 shares during the period. Hedge funds and other institutional investors own 15.86% of the company’s stock.

WARNING: “Union Bankshares (UNB) Hits New 1-Year Low at $43.00” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://weekherald.com/2018/11/07/union-bankshares-unb-hits-new-1-year-low-at-43-00.html.

About Union Bankshares (NASDAQ:UNB)

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

Featured Story: Hedge Funds – Risk or Reward?

Receive News & Ratings for Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply