Union Bankshares, Inc. (NASDAQ:UNB) Plans Quarterly Dividend of $0.36

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Saturday, April 27th will be paid a dividend of 0.36 per share by the bank on Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Thursday, April 25th.

Union Bankshares has increased its dividend payment by an average of 4.0% annually over the last three years and has increased its dividend every year for the last 9 years.

Union Bankshares Trading Up 0.2 %

UNB opened at $27.07 on Friday. The stock has a market capitalization of $122.36 million, a P/E ratio of 10.83 and a beta of 0.86. Union Bankshares has a 12 month low of $20.07 and a 12 month high of $32.00. The firm’s fifty day simple moving average is $29.90 and its 200 day simple moving average is $28.94. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings data on Wednesday, January 17th. The bank reported $0.68 EPS for the quarter. Union Bankshares had a net margin of 16.74% and a return on equity of 19.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Union Bankshares in a research report on Saturday, April 13th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Union Bankshares

Several institutional investors have recently added to or reduced their stakes in UNB. State Street Corp lifted its position in Union Bankshares by 13.9% in the 1st quarter. State Street Corp now owns 8,445 shares of the bank’s stock valued at $260,000 after acquiring an additional 1,033 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Union Bankshares by 8.5% during the 2nd quarter. Millennium Management LLC now owns 7,763 shares of the bank’s stock worth $203,000 after buying an additional 610 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Union Bankshares by 617.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,205 shares of the bank’s stock worth $27,000 after buying an additional 1,037 shares during the last quarter. Money Concepts Capital Corp acquired a new position in shares of Union Bankshares during the 4th quarter worth about $183,000. Finally, Bank of America Corp DE boosted its stake in shares of Union Bankshares by 244.4% during the 1st quarter. Bank of America Corp DE now owns 3,465 shares of the bank’s stock worth $77,000 after buying an additional 2,459 shares during the last quarter. 14.84% of the stock is owned by institutional investors.

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.