Dimensional Fund Advisors LP Maintains Holdings in Union Bankshares, Inc. (UNB)
Dimensional Fund Advisors LP maintained its stake in Union Bankshares, Inc. (NASDAQ:UNB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,383 shares of the bank’s stock at the close of the second quarter. Dimensional Fund Advisors LP owned about 0.64% of Union Bankshares worth $1,348,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Cardinal Capital Management lifted its holdings in Union Bankshares by 11.5% in the 2nd quarter. Cardinal Capital Management now owns 17,586 shares of the bank’s stock worth $835,000 after purchasing an additional 1,808 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Union Bankshares by 7.5% in the 2nd quarter. Teachers Advisors LLC now owns 6,674 shares of the bank’s stock worth $317,000 after purchasing an additional 464 shares in the last quarter. Northern Trust Corp lifted its holdings in Union Bankshares by 5.2% in the 2nd quarter. Northern Trust Corp now owns 44,112 shares of the bank’s stock worth $2,095,000 after purchasing an additional 2,183 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Union Bankshares by 181.9% in the 2nd quarter. Vanguard Group Inc. now owns 73,034 shares of the bank’s stock worth $3,469,000 after purchasing an additional 47,123 shares in the last quarter. Institutional investors own 14.73% of the company’s stock.
Separately, ValuEngine cut Union Bankshares from a “buy” rating to a “hold” rating in a report on Friday, November 17th.
Union Bankshares, Inc. (NASDAQ UNB) traded down $2.30 during midday trading on Friday, reaching $50.70. The company had a trading volume of 7,900 shares, compared to its average volume of 3,806. Union Bankshares, Inc. has a one year low of $39.55 and a one year high of $53.00. The stock has a market cap of $221.54, a PE ratio of 24.95 and a beta of 0.33.
Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.53 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 15.28% and a net margin of 23.36%.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Saturday, October 28th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, October 26th. This represents a $1.16 annualized dividend and a dividend yield of 2.29%. Union Bankshares’s dividend payout ratio (DPR) is 58.29%.
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Union Bankshares Company Profile
Union Bankshares, Inc is a one-bank holding company whose subsidiary is Union Bank (Union or the Bank). The Company’s business is that of a community bank in the financial services industry. The Company operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire.
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