Goldman Sachs Group Inc. Invests $214,000 in Union Bankshares, Inc. $UNB

Goldman Sachs Group Inc. purchased a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,801 shares of the bank’s stock, valued at approximately $214,000. Goldman Sachs Group Inc. owned about 0.15% of Union Bankshares as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Cardinal Capital Management increased its stake in shares of Union Bankshares by 8.7% during the 1st quarter. Cardinal Capital Management now owns 82,738 shares of the bank’s stock worth $2,604,000 after purchasing an additional 6,651 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Union Bankshares during the 1st quarter worth approximately $401,000. Finally, Bank of America Corp DE increased its stake in shares of Union Bankshares by 24.0% during the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank’s stock worth $122,000 after purchasing an additional 819 shares during the last quarter. Hedge funds and other institutional investors own 14.84% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th.

Union Bankshares Stock Up 0.4%

Union Bankshares stock opened at $25.24 on Monday. Union Bankshares, Inc. has a 1-year low of $24.57 and a 1-year high of $37.70. The firm has a market capitalization of $114.84 million, a price-to-earnings ratio of 12.37 and a beta of 0.54. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $26.53 and a 200 day simple moving average of $28.81.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings results on Wednesday, July 16th. The bank reported $0.53 EPS for the quarter. The firm had revenue of $13.20 million during the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.14%.

Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Saturday, July 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, July 25th. Union Bankshares’s payout ratio is 70.59%.

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.