Union Bankshares, Inc. (UNB) To Go Ex-Dividend on January 24th

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Saturday, January 25th will be given a dividend of 0.36 per share by the bank on Thursday, February 6th. This represents a $1.44 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, January 24th.

Union Bankshares has raised its dividend by an average of 2.9% per year over the last three years.

Union Bankshares Stock Performance

Shares of UNB stock traded up $0.12 during trading hours on Friday, reaching $30.00. The company had a trading volume of 5,594 shares, compared to its average volume of 7,763. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The business has a fifty day moving average price of $31.59 and a 200-day moving average price of $27.58. Union Bankshares has a one year low of $21.00 and a one year high of $37.70. The firm has a market cap of $135.60 million, a PE ratio of 15.38 and a beta of 0.80.

Union Bankshares (NASDAQ:UNB) last announced its earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Union Bankshares from a “hold” rating to a “sell” rating in a research report on Monday.

About Union Bankshares

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.