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

Key Points

• Union Bankshares, Inc. declared a quarterly dividend of $0.36 per share, with the payment scheduled for November 6th to stockholders recorded by October 25th.
• The company's stock, NASDAQ:UNB, is currently valued at $24.53, reflecting a decline of 1.9% with a dividend yield of 5.9%.
• Analysts have upgraded the stock rating from "sell" to "hold," indicating a neutral stance on its future performance.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) declared a quarterly dividend on Wednesday, October 15th. Stockholders of record on Saturday, October 25th will be paid a dividend of 0.36 per share by the bank on Thursday, November 6th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, October 24th.

Union Bankshares Stock Down 1.9%

Shares of UNB opened at $24.53 on Thursday. The company has a 50-day simple moving average of $25.86 and a 200-day simple moving average of $28.29. The firm has a market capitalization of $111.61 million, a P/E ratio of 12.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.82. Union Bankshares has a 52 week low of $23.80 and a 52 week high of $37.70.

Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its earnings results on Wednesday, July 16th. The bank reported $0.53 earnings per share for the quarter. The business had revenue of $13.20 million for the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.14%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Union Bankshares from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Union Bankshares in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

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.

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