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

Union Bankshares, Inc. (NASDAQ:UNB) announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, July 27th will be paid a dividend of 0.36 per share by the bank on Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, July 27th.

Union Bankshares has increased its dividend payment by an average of 0.0%per year over the last three years.

Union Bankshares Stock Performance

Union Bankshares stock opened at $25.30 on Thursday. The firm has a market capitalization of $116.63 million, a PE ratio of 10.00 and a beta of 0.28. Union Bankshares has a one year low of $20.65 and a one year high of $29.49. The stock’s 50 day moving average price is $24.00 and its 200 day moving average price is $24.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.79 and a current ratio of 0.79.

Union Bankshares (NASDAQ:UNB) last posted its earnings results on Wednesday, July 15th. The bank reported $0.61 EPS for the quarter. The business had revenue of $11.95 million for the quarter. Union Bankshares had a net margin of 13.13% and a return on equity of 14.94%.

Hedge Funds Weigh In On Union Bankshares

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Union Bankshares by 42.5% during the fourth quarter. Barclays PLC now owns 8,542 shares of the bank’s stock worth $203,000 after purchasing an additional 2,548 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Union Bankshares during the 4th quarter worth approximately $42,000. State Street Corp lifted its holdings in shares of Union Bankshares by 1.8% in the 4th quarter. State Street Corp now owns 37,275 shares of the bank’s stock worth $885,000 after purchasing an additional 649 shares during the last quarter. Wells Fargo & Company MN grew its stake in Union Bankshares by 56.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,757 shares of the bank’s stock worth $113,000 after buying an additional 1,716 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Union Bankshares in the fourth quarter worth $311,000. 14.84% of the stock is currently owned by institutional investors.

Union Bankshares Company Profile

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.