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

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) announced a quarterly dividend on Wednesday, July 16th, Wall Street Journal reports. Stockholders of record on Saturday, July 26th will be paid a dividend of 0.36 per share by the bank on Thursday, August 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, July 25th.

Union Bankshares Stock Up 2.7%

Union Bankshares stock traded up $0.72 during mid-day trading on Monday, hitting $27.39. The company had a trading volume of 5,006 shares, compared to its average volume of 10,394. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average price is $28.95 and its two-hundred day moving average price is $30.19. Union Bankshares has a 12 month low of $22.60 and a 12 month high of $37.70. The company has a market capitalization of $124.33 million, a PE ratio of 13.42 and a beta of 0.54.

Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its earnings results on Wednesday, July 16th. The bank reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $13.20 million for the quarter. Union Bankshares had a return on equity of 13.22% and a net margin of 11.17%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Union Bankshares from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st.

Institutional Investors Weigh In On Union Bankshares

An institutional investor recently bought a new position in Union Bankshares stock. Goldman Sachs Group Inc. acquired a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,801 shares of the bank's stock, valued at approximately $214,000. Goldman Sachs Group Inc. owned approximately 0.15% of Union Bankshares as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 14.84% of the company's 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.