Union Bankshares, Inc. (NASDAQ:UNB) to Issue $0.36 Quarterly Dividend

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) announced 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 5.22%. The ex-dividend date is Thursday, April 25th.

Union Bankshares has raised 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 2.0 %

NASDAQ:UNB traded up $0.53 during trading hours on Friday, reaching $27.60. The company's stock had a trading volume of 739 shares, compared to its average volume of 3,847. 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 firm has a market capitalization of $124.72 million, a price-to-earnings ratio of 11.04 and a beta of 0.86. The firm has a 50-day simple moving average of $29.87 and a 200-day simple moving average of $28.98. Union Bankshares has a 1 year low of $20.07 and a 1 year high of $32.00.

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

Hedge Funds Weigh In On Union Bankshares

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Union Bankshares by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 144,433 shares of the bank's stock worth $3,101,000 after buying an additional 5,449 shares during the last quarter. FMR LLC boosted its holdings in Union Bankshares by 48.3% in the third quarter. FMR LLC now owns 45,659 shares of the bank's stock valued at $1,023,000 after acquiring an additional 14,861 shares in the last quarter. Northern Trust Corp increased its position in Union Bankshares by 19.2% during the 4th quarter. Northern Trust Corp now owns 27,710 shares of the bank's stock valued at $849,000 after purchasing an additional 4,461 shares during the period. LPL Financial LLC raised its holdings in Union Bankshares by 3.3% in the 3rd quarter. LPL Financial LLC now owns 27,209 shares of the bank's stock worth $584,000 after purchasing an additional 874 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Union Bankshares by 15.8% during the 2nd quarter. BlackRock Inc. now owns 12,795 shares of the bank's stock valued at $297,000 after purchasing an additional 1,742 shares in the last quarter. Hedge funds and other institutional investors own 14.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Union Bankshares in a research note on Saturday, April 13th. They issued a "hold" rating on the stock.

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.