Union Bankshares, Inc. (NASDAQ:UNB)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.05 and traded as low as $30.80. Union Bankshares shares last traded at $31.09, with a volume of 3,780 shares traded.
The business’s fifty day moving average is $33.51 and its 200 day moving average is $33.05. The firm has a market capitalization of $139.44 million, a price-to-earnings ratio of 10.09 and a beta of 1.05.
Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings data on Wednesday, July 21st. The bank reported $0.67 EPS for the quarter. Union Bankshares had a net margin of 25.41% and a return on equity of 17.17%.
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Union Bankshares by 4,066.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,625 shares of the bank’s stock valued at $49,000 after buying an additional 1,586 shares during the last quarter. Penn Mutual Asset Management LLC bought a new position in shares of Union Bankshares in the 1st quarter valued at about $99,000. Trust Co. of Virginia VA bought a new position in shares of Union Bankshares in the 2nd quarter valued at about $217,000. State Street Corp bought a new position in shares of Union Bankshares in the 2nd quarter valued at about $221,000. Finally, BlackRock Inc. grew its position in shares of Union Bankshares by 11.3% in the 1st quarter. BlackRock Inc. now owns 6,973 shares of the bank’s stock valued at $209,000 after acquiring an additional 708 shares during the period. Hedge funds and other institutional investors own 13.27% of the company’s stock.
Union Bankshares Company Profile (NASDAQ:UNB)
Union Bankshares, Inc operates as a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and asset management & trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans.
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