Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Saturday, October 26th will be paid a dividend of 0.36 per share by the bank on Thursday, November 7th. This represents a $1.44 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend is Friday, October 25th.
Union Bankshares has increased its dividend by an average of 4.0% per year over the last three years and has increased its dividend every year for the last 11 years.
Union Bankshares Stock Up 3.0 %
Shares of NASDAQ:UNB traded up $0.80 during trading on Friday, hitting $27.50. 3,175 shares of the company were exchanged, compared to its average volume of 5,213. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.79. The firm's 50 day moving average price is $25.67 and its 200-day moving average price is $24.97. The stock has a market capitalization of $124.30 million, a P/E ratio of 12.39 and a beta of 0.76. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $32.00.
Union Bankshares (NASDAQ:UNB - Get Free Report) last released its quarterly earnings data on Friday, August 9th. The bank reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $12.25 million during the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 16.36%.
Analysts Set New Price Targets
Separately, StockNews.com lowered Union Bankshares from a "buy" rating to a "hold" rating in a research report on Monday, August 12th.
Read Our Latest Report on Union Bankshares
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.
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