Union Bankshares, Inc. (NASDAQ:UNB) CEO David Scott Silverman Purchases 500 Shares of Stock

Union Bankshares, Inc. (NASDAQ:UNB) CEO David Scott Silverman purchased 500 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was purchased at an average cost of $20.11 per share, with a total value of $10,055.00. Following the acquisition, the chief executive officer now directly owns 28,591 shares in the company, valued at $574,965.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Union Bankshares Trading Up 3.3 %

Shares of NASDAQ:UNB opened at $21.90 on Friday. The company’s 50-day moving average price is $22.13 and its two-hundred day moving average price is $22.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.78 and a quick ratio of 0.78. Union Bankshares, Inc. has a one year low of $20.07 and a one year high of $27.99. The stock has a market capitalization of $98.77 million, a PE ratio of 7.63 and a beta of 0.81.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.60 EPS for the quarter. Union Bankshares had a net margin of 21.57% and a return on equity of 22.98%. The firm had revenue of $12.10 million for the quarter.

Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Saturday, July 29th were issued a $0.36 dividend. The ex-dividend date was Thursday, July 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.58%. Union Bankshares’s payout ratio is 50.17%.

Institutional Investors Weigh In On Union Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cardinal Capital Management grew its stake in Union Bankshares by 2.8% in the 2nd quarter. Cardinal Capital Management now owns 40,950 shares of the bank’s stock valued at $940,000 after buying an additional 1,121 shares during the last quarter. LPL Financial LLC grew its stake in Union Bankshares by 15.1% in the 2nd quarter. LPL Financial LLC now owns 26,335 shares of the bank’s stock valued at $612,000 after buying an additional 3,448 shares during the last quarter. Northern Trust Corp grew its stake in Union Bankshares by 2.4% in the 2nd quarter. Northern Trust Corp now owns 23,451 shares of the bank’s stock valued at $545,000 after buying an additional 548 shares during the last quarter. BlackRock Inc. grew its stake in Union Bankshares by 15.8% in the 2nd quarter. BlackRock Inc. now owns 12,795 shares of the bank’s stock valued at $297,000 after buying an additional 1,742 shares during the last quarter. Finally, State Street Corp grew its stake in Union Bankshares by 9.5% in the 2nd quarter. State Street Corp now owns 9,250 shares of the bank’s stock valued at $242,000 after buying an additional 805 shares during the last quarter. 10.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Union Bankshares in a research report on Thursday, September 7th. They issued a “hold” rating on the stock.

About Union Bankshares

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