Union Bankshares (NASDAQ:UNB) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Union Bankshares (NASDAQ:UNBFree Report) in a research report released on Thursday. The firm issued a hold rating on the bank’s stock.

Union Bankshares Stock Up 0.7 %

NASDAQ:UNB opened at $23.75 on Thursday. The firm has a market cap of $107.35 million, a P/E ratio of 10.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.80. Union Bankshares has a fifty-two week low of $20.07 and a fifty-two week high of $32.00. The firm has a 50-day simple moving average of $27.57 and a two-hundred day simple moving average of $29.06.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Saturday, April 27th were paid a $0.36 dividend. The ex-dividend date was Thursday, April 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.06%. Union Bankshares’s dividend payout ratio is presently 60.76%.

Institutional Trading of Union Bankshares

A hedge fund recently raised its stake in Union Bankshares stock. Cardinal Capital Management lifted its stake in Union Bankshares, Inc. (NASDAQ:UNBFree Report) by 29.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,061 shares of the bank’s stock after acquiring an additional 12,690 shares during the quarter. Cardinal Capital Management owned 1.22% of Union Bankshares worth $1,679,000 as of its most recent filing with the Securities & Exchange Commission. 14.84% of the stock is currently owned by institutional investors.

About Union Bankshares

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.