Union Bankshares (NASDAQ:UNB) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Union Bankshares (NASDAQ:UNB) in a research report sent to investors on Monday morning. The firm issued a hold rating on the bank’s stock.

Union Bankshares Trading Up 0.0 %

Shares of UNB opened at $28.12 on Monday. The business’s 50-day moving average price is $29.59 and its 200 day moving average price is $29.18. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $127.10 million, a P/E ratio of 11.25 and a beta of 0.86. Union Bankshares has a 1-year low of $20.07 and a 1-year high of $32.00.

Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Saturday, April 27th will be given a $0.36 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.44 annualized dividend and a dividend yield of 5.12%. Union Bankshares’s dividend payout ratio (DPR) is presently 57.60%.

Hedge Funds Weigh In On Union Bankshares

An institutional investor recently raised its position in Union Bankshares stock. Cardinal Capital Management raised its holdings in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,061 shares of the bank’s stock after acquiring an additional 12,690 shares during the quarter. Cardinal Capital Management owned approximately 1.22% of Union Bankshares worth $1,679,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 14.84% of the company’s stock.

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.