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

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Saturday, April 27th will be paid a dividend of 0.36 per share by the bank on Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Thursday, April 25th.

Union Bankshares has increased its dividend by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 9 consecutive years.

Union Bankshares Stock Up 0.2 %

Shares of NASDAQ:UNB opened at $27.07 on Friday. The firm has a market cap of $122.36 million, a P/E ratio of 10.83 and a beta of 0.86. Union Bankshares has a 52-week low of $20.07 and a 52-week high of $32.00. The business’s 50 day simple moving average is $29.90 and its two-hundred day simple moving average is $28.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.81.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, January 17th. The bank reported $0.68 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 19.09% and a net margin of 16.74%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Union Bankshares in a research note on Saturday, April 13th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Union Bankshares

A number of large investors have recently made changes to their positions in UNB. Northern Trust Corp raised its stake in shares of Union Bankshares by 19.2% during the 4th quarter. Northern Trust Corp now owns 27,710 shares of the bank’s stock valued at $849,000 after purchasing an additional 4,461 shares during the period. Stifel Financial Corp bought a new position in Union Bankshares in the 4th quarter worth about $241,000. Vanguard Group Inc. grew its holdings in Union Bankshares by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 144,433 shares of the bank’s stock valued at $3,101,000 after buying an additional 5,449 shares in the last quarter. LPL Financial LLC increased its position in shares of Union Bankshares by 3.3% during the third quarter. LPL Financial LLC now owns 27,209 shares of the bank’s stock valued at $584,000 after buying an additional 874 shares during the period. Finally, FMR LLC increased its position in shares of Union Bankshares by 48.3% during the third quarter. FMR LLC now owns 45,659 shares of the bank’s stock valued at $1,023,000 after buying an additional 14,861 shares during the period. 14.84% of the stock is owned by institutional investors.

About Union Bankshares

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.