Union Bankshares (NASDAQ:UNB) Earns Hold Rating from Analysts at StockNews.com

Posted by John. R. Edwardson on May 10th, 2024

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

Union Bankshares Trading Down 0.4 %

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. Union Bankshares has a 52-week low of $20.07 and a 52-week high of $32.00. The stock has a fifty day simple moving average of $28.86 and a 200-day simple moving average of $29.16. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.25.

Union Bankshares Dividend Announcement

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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Thursday, April 25th. Union Bankshares’s payout ratio is 57.60%.

Institutional Investors Weigh In On Union Bankshares

An institutional investor recently raised its position in Union Bankshares stock. Cardinal Capital Management increased its holdings in shares of Union Bankshares, Inc. (NASDAQ:UNB – Free Report) by 29.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,061 shares of the bank’s stock after purchasing an additional 12,690 shares during the quarter. Cardinal Capital Management owned 1.22% of Union Bankshares worth $1,679,000 as of its most recent filing with the SEC. 14.84% of the stock is owned by institutional investors and hedge funds.

About Union Bankshares

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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.