Union Bankshares, Inc. (UNB) to Distribute Quarterly Dividend of $0.36 on November 5th

Union Bankshares, Inc. (NASDAQ:UNB) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Saturday, October 31st will be paid a dividend of $0.36 per share by the bank on Thursday, November 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, October 30th.

Union Bankshares Stock Down 0.7%

Shares of NASDAQ:UNB opened at $22.82 on Friday. The stock has a 50-day simple moving average of $23.49 and a 200-day simple moving average of $23.93. The stock has a market capitalization of $112.96 million, a P/E ratio of 8.74 and a beta of 0.29. Union Bankshares has a 1 year low of $20.65 and a 1 year high of $26.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.79 and a current ratio of 0.80.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings results on Wednesday, October 21st. The bank reported $0.77 EPS for the quarter. Union Bankshares had a net margin of 12.68% and a return on equity of 14.82%. The firm had revenue of $12.47 million for the quarter.

Institutional Investors Weigh In On Union Bankshares

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Union Bankshares during the 2nd quarter valued at about $1,600,000. Trust Co. of Vermont acquired a new position in Union Bankshares during the 2nd quarter worth approximately $711,000. Hsbc Holdings PLC purchased a new position in Union Bankshares in the 2nd quarter worth approximately $252,000. Cardinal Capital Management boosted its holdings in Union Bankshares by 6.8% in the 3rd quarter. Cardinal Capital Management now owns 111,618 shares of the bank’s stock worth $2,567,000 after acquiring an additional 7,109 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Union Bankshares in the 2nd quarter worth approximately $225,000. 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.