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

Union Bankshares, Inc. (NASDAQ:UNB) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Saturday, October 31st will be given a dividend of $0.36 per share by the bank on Thursday, November 5th. This represents a $1.44 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, October 30th.

Union Bankshares Stock Up 0.3%

UNB stock traded up $0.08 during trading on Thursday, hitting $23.06. 3,561 shares of the company’s stock were exchanged, compared to its average volume of 3,157. The business has a 50-day moving average price of $23.52 and a two-hundred day moving average price of $23.94. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $114.13 million, a price-to-earnings ratio of 8.85 and a beta of 0.29. Union Bankshares has a 52-week low of $20.65 and a 52-week high of $26.41.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings results on Wednesday, October 21st. The bank reported $0.77 EPS for the quarter. The company had revenue of $12.47 million for the quarter. Union Bankshares had a net margin of 13.50% and a return on equity of 14.70%.

Institutional Trading of Union Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Union Bankshares in the 2nd quarter valued at about $1,600,000. Trust Co. of Vermont purchased a new position in Union Bankshares during the 2nd quarter worth approximately $711,000. Cardinal Capital Management increased its position in Union Bankshares by 6.8% during the third quarter. Cardinal Capital Management now owns 111,618 shares of the bank’s stock worth $2,567,000 after buying an additional 7,109 shares during the period. Squarepoint Ops LLC acquired a new position in Union Bankshares during the second quarter worth approximately $225,000. Finally, Hsbc Holdings PLC acquired a new position in Union Bankshares during the second quarter worth approximately $252,000. Institutional investors and hedge funds own 14.84% of the company’s stock.

Union Bankshares Company Profile

Union Bankshares, Inc is the bank holding company for Union Bank, a community-focused financial institution headquartered in Morrisville, Vermont. Through Union Bank, the company provides banking services to individuals, families, businesses and municipalities in northern Vermont and northern New Hampshire.

Union Bank’s offerings include checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending and other financing solutions.