Fmr LLC Sells 465 Shares of Union Bankshares, Inc. (NASDAQ:UNB)

Fmr LLC cut its stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,725 shares of the bank’s stock after selling 465 shares during the quarter. Fmr LLC owned about 4.75% of Union Bankshares worth $5,568,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UNB. Community Financial Services Group LLC bought a new position in shares of Union Bankshares in the 3rd quarter worth approximately $220,000. Renaissance Technologies LLC increased its position in Union Bankshares by 7.7% in the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after purchasing an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Union Bankshares by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after purchasing an additional 2,914 shares during the last quarter. Finally, Cardinal Capital Management lifted its holdings in shares of Union Bankshares by 15.1% in the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock worth $1,930,000 after acquiring an additional 9,784 shares during the last quarter. 14.84% of the stock is currently owned by hedge funds and other institutional investors.

Union Bankshares Price Performance

NASDAQ UNB opened at $35.60 on Friday. The firm’s fifty day simple moving average is $30.41 and its two-hundred day simple moving average is $26.26. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Union Bankshares, Inc. has a 12-month low of $21.00 and a 12-month high of $37.70. The firm has a market capitalization of $161.09 million, a P/E ratio of 18.26 and a beta of 0.78.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Wednesday, October 16th. The bank reported $0.29 EPS for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.

Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Saturday, October 26th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Friday, October 25th. Union Bankshares’s dividend payout ratio (DPR) is presently 73.85%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Union Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday.

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.