Union Bankshares, Inc. (NASDAQ:UNB) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its position in Union Bankshares, Inc. (NASDAQ:UNB) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,225 shares of the bank’s stock after buying an additional 819 shares during the period. Bank of America Corp DE owned about 0.09% of Union Bankshares worth $122,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cardinal Capital Management grew its position in shares of Union Bankshares by 2.2% in the fourth quarter. Cardinal Capital Management now owns 76,087 shares of the bank’s stock valued at $2,200,000 after purchasing an additional 1,674 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Union Bankshares by 13.2% in the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank’s stock valued at $541,000 after acquiring an additional 2,176 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Union Bankshares by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank’s stock valued at $1,020,000 after acquiring an additional 1,474 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Union Bankshares in the fourth quarter valued at $269,000. Finally, Northern Trust Corp increased its holdings in Union Bankshares by 16.8% in the fourth quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock valued at $893,000 after buying an additional 4,436 shares during the last quarter. 14.84% of the stock is currently owned by institutional investors and hedge funds.

Union Bankshares Stock Performance

NASDAQ UNB opened at $27.76 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Union Bankshares, Inc. has a 52-week low of $21.00 and a 52-week high of $37.70. The business’s 50-day moving average price is $31.39 and its 200 day moving average price is $31.08. The firm has a market cap of $126.00 million, a P/E ratio of 14.31 and a beta of 0.57.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $12.70 million for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Saturday, April 26th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.44 dividend on an annualized basis and a yield of 5.19%. Union Bankshares’s payout ratio is currently 73.47%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Union Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st.

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.