Union Bankshares (NASDAQ:UNB) Director David Scott Silverman Acquires 1,000 Shares of Stock

Union Bankshares, Inc. (NASDAQ:UNB) Director David Scott Silverman acquired 1,000 shares of Union Bankshares stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of $23.76 per share, for a total transaction of $23,760.00. Following the completion of the purchase, the director owned 46,864 shares of the company’s stock, valued at approximately $1,113,488.64. The trade was a 2.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Union Bankshares Price Performance

UNB opened at $23.60 on Friday. The company has a fifty day moving average price of $24.37 and a two-hundred day moving average price of $24.08. The firm has a market capitalization of $116.82 million, a PE ratio of 9.04 and a beta of 0.30. Union Bankshares, Inc. has a 52 week low of $20.65 and a 52 week high of $26.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.79 and a current ratio of 0.80.

Union Bankshares Dividend Announcement

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

Hedge Funds Weigh In On Union Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in UNB. Vanguard Group Inc. grew its holdings in shares of Union Bankshares by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock valued at $4,583,000 after buying an additional 529 shares during the period. State Street Corp raised its stake in Union Bankshares by 1.8% during the 4th 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 period. Geode Capital Management LLC lifted its holdings in Union Bankshares by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 87,314 shares of the bank’s stock worth $2,072,000 after acquiring an additional 1,249 shares in the last quarter. Bank of America Corp DE lifted its holdings in Union Bankshares by 30.1% during the second quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock worth $156,000 after acquiring an additional 1,355 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew 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 acquiring an additional 1,707 shares during the period. 14.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UNB shares. Weiss Ratings restated a “hold (c)” rating on shares of Union Bankshares in a report on Wednesday, June 24th. Wall Street Zen raised Union Bankshares to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.