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

Posted by Paula Ricardo on May 27th, 2024

StockNews.com initiated coverage on shares of Union Bankshares (NASDAQ:UNB – Free Report) in a report issued on Thursday morning. The firm issued a hold rating on the bank’s stock.

Union Bankshares Stock Performance

NASDAQ UNB opened at $23.75 on Thursday. The company has a market capitalization of $107.35 million, a price-to-earnings ratio of 10.02 and a beta of 0.91. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.25. Union Bankshares has a twelve month low of $20.07 and a twelve month high of $32.00. The stock has a fifty day simple moving average of $27.57 and a 200 day simple moving average of $29.09.

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Saturday, April 27th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend was Thursday, April 25th. Union Bankshares’s dividend payout ratio is currently 60.76%.

Institutional Investors Weigh In On Union Bankshares

An institutional investor recently raised its stake in Union Bankshares stock. Cardinal Capital Management raised its position in shares of Union Bankshares, Inc. (NASDAQ:UNB – Free Report) by 29.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,061 shares of the bank’s stock after acquiring an additional 12,690 shares during the quarter. Cardinal Capital Management owned about 1.22% of Union Bankshares worth $1,679,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 14.84% of the company’s stock.

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.