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Patricia Hogan, an officer at Union Bankshares Inc. (NASDAQ:UNB), a $132.34 million market cap regional bank trading at a P/E ratio of 15.15, recently acquired additional shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Hogan purchased 6.483 shares on February 6 at $31.79 per share, totaling approximately $206. InvestingPro analysis suggests the stock is currently overvalued at its present price of $28.81.
In addition to the purchase, Hogan was involved in other transactions. On the same day, she acquired 69.802 shares through the company’s Dividend Reinvestment Plan, valued at $31.17 per share. The company maintains a robust 4.9% dividend yield and has consistently paid dividends for 28 consecutive years, according to InvestingPro data. Furthermore, on February 26, Hogan received a grant of 1,694 restricted stock units, which will be settled in common stock upon meeting certain vesting conditions.
Following these transactions, Hogan’s total ownership in Union Bankshares stands at 9,655.4019 shares. Subscribers to InvestingPro can access additional insights, including 8 more exclusive ProTips about Union Bankshares’ financial health and growth prospects.
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