Insider Selling: Union Bankshares Inc. (UNB) Director Sells 1,000 Shares of Stock
Union Bankshares Inc. (NASDAQ:UNB) Director Schuyler Wallace Sweet sold 1,000 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $40.04, for a total transaction of $40,040.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $200,200. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Union Bankshares Inc. (NASDAQ:UNB) traded down 2.08% during mid-day trading on Monday, hitting $40.00. 11,338 shares of the company traded hands. The firm has a 50 day moving average of $34.51 and a 200 day moving average of $33.93. Union Bankshares Inc. has a one year low of $26.50 and a one year high of $42.00. The firm has a market capitalization of $178.36 million, a P/E ratio of 22.04 and a beta of 0.20.
Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.51 EPS for the quarter. Union Bankshares had a net margin of 22.52% and a return on equity of 14.78%.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Saturday, October 29th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, October 26th. This represents a $1.12 dividend on an annualized basis and a yield of 2.80%. Union Bankshares’s dividend payout ratio is currently 61.54%.
Separately, Compass Point lowered shares of Union Bankshares to a “sell” rating and set a $30.00 target price on the stock. in a research report on Saturday.
Union Bankshares Company Profile
Union Bankshares, Inc is a one-bank holding company whose subsidiary is Union Bank (Union or the Bank). The Company’s business is that of a community bank in the financial services industry. The Company operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire.
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