Union Bankshares, Inc. (NASDAQ:UNB) Plans $0.36 Quarterly Dividend

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Investors of record on Saturday, July 26th will be given a dividend of 0.36 per share by the bank on Thursday, August 7th. This represents a $1.44 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Friday, July 25th.

Union Bankshares Stock Performance

Shares of UNB stock opened at $27.20 on Friday. Union Bankshares has a 12 month low of $22.60 and a 12 month high of $37.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $123.49 million, a P/E ratio of 13.88 and a beta of 0.54. The company’s fifty day moving average price is $29.10 and its two-hundred day moving average price is $30.19.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Wednesday, July 16th. The bank reported $0.53 earnings per share for the quarter. The company had revenue of $13.20 million during the quarter. Union Bankshares had a net margin of 11.00% and a return on equity of 12.93%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Union Bankshares stock. Goldman Sachs Group Inc. bought a new stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,801 shares of the bank’s stock, valued at approximately $214,000. Goldman Sachs Group Inc. owned about 0.15% of Union Bankshares at the end of the most recent reporting period. 14.84% of the stock is owned by institutional investors.

Union Bankshares Company Profile

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.