Fmr LLC Reduces Holdings in Union Bankshares, Inc. (NASDAQ:UNB)

Fmr LLC trimmed its position in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 0.2% during the third quarter, HoldingsChannel reports. The fund owned 214,725 shares of the bank’s stock after selling 465 shares during the quarter. Fmr LLC’s holdings in Union Bankshares were worth $5,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of UNB. Community Financial Services Group LLC purchased a new stake in Union Bankshares in the 3rd quarter worth approximately $220,000. Cardinal Capital Management boosted its stake in shares of Union Bankshares by 15.1% during the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock valued at $1,930,000 after buying an additional 9,784 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Union Bankshares by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Union Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after purchasing an additional 2,914 shares during the period. Hedge funds and other institutional investors own 14.84% of the company’s stock.

Union Bankshares Stock Performance

Shares of UNB opened at $35.60 on Friday. The company has a 50-day moving average of $30.41 and a two-hundred day moving average of $26.26. The stock has a market cap of $161.09 million, a price-to-earnings ratio of 18.26 and a beta of 0.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. Union Bankshares, Inc. has a one year low of $21.00 and a one year high of $37.70.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.29 earnings per share 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 announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Saturday, October 26th were paid a $0.36 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.44 annualized dividend and a dividend yield of 4.04%. Union Bankshares’s dividend payout ratio is presently 73.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Union Bankshares from a “hold” rating to a “sell” rating in a 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.