Union Bankshares, Inc. (NASDAQ:UNB) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,503 shares of the bank’s stock after purchasing an additional 1,188 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of Union Bankshares worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNB. Community Financial Services Group LLC purchased a new stake in shares of Union Bankshares during the third quarter worth approximately $220,000. Renaissance Technologies LLC raised its position in Union Bankshares by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after buying 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 worth $664,000 after acquiring an additional 2,914 shares during the period. Finally, Cardinal Capital Management boosted its holdings in shares of Union Bankshares by 15.1% in the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock valued at $1,930,000 after acquiring an additional 9,784 shares in the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Union Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 25th.

Union Bankshares Stock Performance

Shares of UNB stock opened at $29.46 on Friday. The stock has a fifty day moving average price of $31.52 and a 200 day moving average price of $27.28. 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 stock has a market cap of $133.31 million, a PE ratio of 15.11 and a beta of 0.80. Union Bankshares, Inc. has a 1 year low of $21.00 and a 1 year high of $37.70.

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

Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Saturday, October 26th were issued a $0.36 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.44 annualized dividend and a yield of 4.89%. Union Bankshares’s dividend payout ratio (DPR) is presently 73.85%.

Union Bankshares 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.