StockNews.com Begins Coverage on Union Bankshares (NASDAQ:UNB)

StockNews.com began coverage on shares of Union Bankshares (NASDAQ:UNB) in a research report report published on Monday. The brokerage issued a hold rating on the bank’s stock.

Union Bankshares Stock Performance

Shares of Union Bankshares stock opened at $26.17 on Monday. The firm has a market capitalization of $118.29 million, a price-to-earnings ratio of 10.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.80. Union Bankshares has a one year low of $20.07 and a one year high of $32.00. The business has a 50-day simple moving average of $29.43 and a 200 day simple moving average of $29.17.

Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Saturday, April 27th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.44 dividend on an annualized basis and a yield of 5.50%. Union Bankshares’s dividend payout ratio is presently 57.60%.

Institutional Trading of Union Bankshares

A hedge fund recently bought a new stake in Union Bankshares stock. Community Financial Services Group LLC acquired a new stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,480 shares of the bank’s stock, valued at approximately $259,000. Community Financial Services Group LLC owned 0.19% of Union Bankshares at the end of the most recent reporting period. 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.