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

Union Bankshares, Inc. (NASDAQ:UNB) announced a quarterly dividend on Wednesday, April 15th. Shareholders of record on Monday, April 27th will be given a dividend of 0.36 per share by the bank on Thursday, May 7th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, April 27th.

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

Union Bankshares Price Performance

UNB stock opened at $23.92 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. Union Bankshares has a one year low of $20.65 and a one year high of $36.00. The firm has a market capitalization of $110.27 million, a PE ratio of 9.84 and a beta of 0.36. The firm has a 50-day moving average of $24.00 and a two-hundred day moving average of $23.88.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Wednesday, April 15th. The bank reported $999.00 earnings per share for the quarter. Union Bankshares had a net margin of 12.75% and a return on equity of 14.78%.

Analyst Upgrades and Downgrades

UNB has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a research note on Friday, March 27th. Wall Street Zen upgraded Union Bankshares to a “hold” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.