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

Union Bankshares, Inc. (NASDAQ:UNBGet Free Report) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Monday, July 27th will be paid a dividend of 0.36 per share by the bank on Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Monday, July 27th.

Union Bankshares has increased its dividend by an average of 0.0%per year over the last three years.

Union Bankshares Trading Up 2.0%

NASDAQ:UNB opened at $25.30 on Thursday. Union Bankshares has a 12-month low of $20.65 and a 12-month high of $29.49. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $24.00 and its 200-day simple moving average is $24.14. The firm has a market cap of $116.63 million, a P/E ratio of 10.00 and a beta of 0.28.

Union Bankshares (NASDAQ:UNBGet Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The bank reported $0.61 earnings per share for the quarter. Union Bankshares had a return on equity of 14.94% and a net margin of 13.13%.The firm had revenue of $11.95 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on UNB

Union Bankshares Company Profile

(Get Free Report)

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.

Further Reading

Dividend History for Union Bankshares (NASDAQ:UNB)

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