Union Bankshares (UNB) Receiving Somewhat Favorable Press Coverage, Analysis Shows

News stories about Union Bankshares (NASDAQ:UNB) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Union Bankshares earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.1632331206146 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Separately, ValuEngine downgraded Union Bankshares from a “buy” rating to a “hold” rating in a report on Friday, November 17th.

Union Bankshares (NASDAQ:UNB) traded down $1.25 during mid-day trading on Monday, hitting $50.05. The company had a trading volume of 3,900 shares, compared to its average volume of 2,800. The stock has a market cap of $223.32, a P/E ratio of 26.48 and a beta of 0.31. Union Bankshares has a 52-week low of $39.55 and a 52-week high of $55.00.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings data on Wednesday, January 17th. The bank reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $9.40 million for the quarter. Union Bankshares had a return on equity of 15.15% and a net margin of 23.36%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Saturday, January 27th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, January 25th. This is an increase from Union Bankshares’s previous quarterly dividend of $0.29. Union Bankshares’s payout ratio is currently 63.49%.

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About Union Bankshares

Union Bankshares, Inc is a one-bank holding company whose subsidiary is Union Bank (Union or the Bank). The Company’s business is that of a community bank in the financial services industry. The Company operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire.

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