Union Bankshares (NASDAQ:UNB) Now Covered by StockNews.com

Posted by Jon Anderson on Apr 25th, 2024

StockNews.com assumed coverage on shares of Union Bankshares (NASDAQ:UNB – Free Report) in a report published on Sunday. The brokerage issued a hold rating on the bank’s stock.

Union Bankshares Price Performance

Shares of UNB stock opened at $27.76 on Friday. The stock’s fifty day simple moving average is $29.81 and its 200 day simple moving average is $29.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.80. Union Bankshares has a one year low of $20.07 and a one year high of $32.00. The firm has a market cap of $125.45 million, a price-to-earnings ratio of 11.10 and a beta of 0.86.

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Saturday, April 27th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.44 dividend on an annualized basis and a yield of 5.19%. Union Bankshares’s dividend payout ratio is presently 57.60%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Union Bankshares stock. Cardinal Capital Management lifted its position in shares of Union Bankshares, Inc. (NASDAQ:UNB – Free Report) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,061 shares of the bank’s stock after buying an additional 12,690 shares during the period. Cardinal Capital Management owned about 1.22% of Union Bankshares worth $1,679,000 at the end of the most recent quarter. 14.84% of the stock is owned by institutional investors.

About Union Bankshares

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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.