Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Saturday, January 25th will be paid a dividend of 0.36 per share by the bank on Thursday, February 6th. This represents a $1.44 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Friday, January 24th.
Union Bankshares has increased its dividend payment by an average of 2.9% per year over the last three years.
UNB stock traded up $0.17 during mid-day trading on Thursday, hitting $29.72. 7,156 shares of the company were exchanged, compared to its average volume of 7,981. The business has a fifty day simple moving average of $31.58 and a 200-day simple moving average of $27.56. The firm has a market capitalization of $134.46 million, a P/E ratio of 15.24 and a beta of 0.80. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $37.70. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.
Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.
Separately, StockNews.com lowered Union Bankshares from a "hold" rating to a "sell" rating in a research note on Monday.
Read Our Latest Stock Analysis on UNB
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Union Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Union Bankshares wasn't on the list.
While Union Bankshares currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.