Union Bankshares (NASDAQ:UNB) Receives New Coverage from Analysts at StockNews.com

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

Union Bankshares Stock Down 1.4 %

UNB stock opened at $25.50 on Tuesday. The stock has a market capitalization of $115.26 million, a PE ratio of 10.20 and a beta of 0.91. The company has a fifty day moving average of $29.06 and a 200-day moving average of $29.22. 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 one year low of $20.07 and a one year high of $32.00.

Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Saturday, April 27th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Thursday, April 25th. Union Bankshares’s dividend payout ratio (DPR) is 57.60%.

Institutional Inflows and Outflows

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

Union Bankshares Company Profile

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.