Union Bankshares (NASDAQ:UNB) Now Covered by StockNews.com

Posted by Scott Moore on May 10th, 2024

StockNews.com started coverage on shares of Union Bankshares (NASDAQ:UNB – Free Report) in a research note released on Tuesday. The brokerage issued a hold rating on the bank’s stock.

Union Bankshares Stock Performance

NASDAQ UNB opened at $25.25 on Tuesday. The company has a market capitalization of $114.10 million, a PE ratio of 10.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.81. Union Bankshares has a 52-week low of $20.07 and a 52-week high of $32.00. The company has a 50-day simple moving average of $28.86 and a 200 day simple moving average of $29.16.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Saturday, April 27th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.44 annualized dividend and a yield of 5.70%. Union Bankshares’s payout ratio is 57.60%.

Institutional Investors Weigh In On Union Bankshares

A hedge fund recently bought a new stake in Union Bankshares stock. Community Financial Services Group LLC bought a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,480 shares of the bank’s stock, valued at approximately $259,000. Community Financial Services Group LLC owned approximately 0.19% of Union Bankshares at the end of the most recent reporting period. Institutional investors and hedge funds own 14.84% of the company’s stock.

Union Bankshares Company Profile

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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.