Union Bankshares (UNB) Stock Forecast, Price & News

Union Bankshares' stock was trading at $24.0099 at the beginning of the year. Since then, UNB stock has decreased by 6.7% and is now trading at $22.40.
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Union Bankshares saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,700 shares, an increase of 20.8% from the August 15th total of 7,200 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.2% of the company's shares are sold short.
View Union Bankshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our UNB earnings forecast.

Union Bankshares, Inc. (NASDAQ:UNB) issued its earnings results on Wednesday, July, 19th. The bank reported $0.60 earnings per share for the quarter. The bank had revenue of $12.10 million for the quarter. Union Bankshares had a net margin of 21.57% and a trailing twelve-month return on equity of 22.98%.

Union Bankshares declared a quarterly dividend on Wednesday, July 19th. Stockholders of record on Saturday, July 29th will be paid a dividend of $0.36 per share on Thursday, August 3rd. This represents a $1.44 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Thursday, July 27th.
Read our dividend analysis for UNB.

Union Bankshares (NASDAQ:UNB) pays an annual dividend of $1.44 per share and currently has a dividend yield of 6.32%. UNB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 50.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for UNB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Union Bankshares investors own include AT&T (T), Verizon Communications (VZ), Southern (SO), Energy Transfer (ET), Harley-Davidson (HOG), Altria Group (MO), Realty Income (O), Pfizer (PFE), Teekay LNG Partners (TGP) and Universal (UVV).

Union Bankshares trades on the NASDAQ under the ticker symbol "UNB."

Union Bankshares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management (0.91%), LPL Financial LLC (0.58%), Northern Trust Corp (0.52%), BlackRock Inc. (0.28%) and Renaissance Technologies LLC (0.25%). Insiders that own company stock include David Scott Silverman, Dawn D Bugbee, Dyke Cornelius John Van, Janet P Spitler and Nancy C Putnam.
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Shares of UNB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UNB stock can currently be purchased for approximately $22.40.

Union Bankshares (NASDAQ:UNB) has a market capitalization of $101.02 million and generates $52.94 million in revenue each year. The bank earns $12.61 million in net income (profit) each year or $2.87 on an earnings per share basis.

The company employs 188 workers across the globe.

Union Bankshares' mailing address is 20 LOWER MAIN STREET, MORRISVILLE VT, 05661. The official website for the company is www.ublocal.com. The bank can be reached via phone at (802) 888-6600, via email at shareholder@broadridge.com, or via fax at 1-800-522-2950.