Union Bankshares (NASDAQ:UNB) Research Coverage Started at StockNews.com

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

Union Bankshares Stock Up 0.4 %

Shares of NASDAQ UNB opened at $27.80 on Friday. Union Bankshares has a 1 year low of $20.07 and a 1 year high of $32.00. The firm has a market cap of $125.66 million, a price-to-earnings ratio of 11.12 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.81. The stock’s 50-day simple moving average is $29.84 and its 200-day simple moving average is $29.10.

Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Saturday, April 27th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Thursday, April 25th. Union Bankshares’s payout ratio is 57.60%.

Hedge Funds Weigh In On Union Bankshares

An institutional investor recently raised its position in Union Bankshares stock. Cardinal Capital Management increased its position in Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,061 shares of the bank’s stock after purchasing an additional 12,690 shares during the period. Cardinal Capital Management owned 1.22% of Union Bankshares worth $1,679,000 at the end of the most recent reporting period. 14.84% of the stock is owned by institutional investors.

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.