Union Bankshares (NASDAQ:UNB) Issues Earnings Results

Union Bankshares (NASDAQ:UNB - Get Free Report) issued its earnings results on Thursday. The bank reported $0.60 EPS for the quarter, Zacks reports. Union Bankshares had a net margin of 13.16% and a return on equity of 15.88%.Get Union Bankshares alerts:Union Bankshares Stock Up 0.1%Union Bankshares stock traded up $0.03 during midday trading on Thursday, reaching $25.06. The company's stock had a trading volume of 3,394 shares, compared to its average volume of 10,323. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $114.80 million, a P/E ratio of 10.07 and a beta of 0.41. The stock's 50-day simple moving average is $23.92 and its 200-day simple moving average is $24.77. Union Bankshares has a 52-week low of $20.65 and a 52-week high of $36.00. Union Bankshares Announces DividendThe business also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Saturday, January 31st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, January 30th. Union Bankshares's payout ratio is 57.60%. Wall Street Analysts Forecast GrowthSeveral brokerages recently issued reports on UNB. Wall Street Zen raised Union Bankshares to a "hold" rating in a research note on Saturday, January 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Union Bankshares in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Union Bankshares presently has an average rating of "Hold".Get Our Latest Analysis on UNBInstitutional Trading of Union BanksharesInstitutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in Union Bankshares during the 3rd quarter valued at approximately $248,000. Russell Investments Group Ltd. purchased a new position in Union Bankshares in the 3rd quarter worth $63,000. Dimensional Fund Advisors LP lifted its position in Union Bankshares by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank's stock worth $1,015,000 after acquiring an additional 1,707 shares during the period. Vanguard Group Inc. grew its stake in Union Bankshares by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank's stock valued at $4,583,000 after purchasing an additional 529 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Union Bankshares by 30.1% in the second quarter. Bank of America Corp DE now owns 5,861 shares of the bank's stock worth $156,000 after purchasing an additional 1,355 shares during the last quarter. 14.84% of the stock is currently owned by institutional investors and hedge funds. 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.Featured StoriesFive stocks we like better than Union BanksharesThe day the gold market brokeNEW LAW: Congress Approves Setup For Digital Dollar?Your Bank Account Is No Longer SafeWhat a Former CIA Agent Knows About the Coming CollapseBuffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Union Bankshares Right Now?Before you consider Union Bankshares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Union Bankshares wasn't on the list.While Union Bankshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here