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

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

Union Bankshares Stock Up 0.0 %

Shares of Union Bankshares stock opened at $28.12 on Monday. The firm has a market cap of $127.10 million, a PE ratio of 11.25 and a beta of 0.86. The business’s 50 day simple moving average is $29.59 and its 200 day simple moving average is $29.18. 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 has a 52-week low of $20.07 and a 52-week high of $32.00.

Union Bankshares Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Union Bankshares stock. Community Financial Services Group LLC purchased a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,480 shares of the bank’s stock, valued at approximately $259,000. Community Financial Services Group LLC owned about 0.19% of Union Bankshares as of its most recent SEC filing. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.