Vanguard Group Inc grew its stake in shares of Union Bankshares Inc (NASDAQ:UNB) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,923 shares of the bank’s stock after acquiring an additional 1,013 shares during the quarter. Vanguard Group Inc owned about 2.50% of Union Bankshares worth $5,949,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of UNB. Bridgeway Capital Management Inc. purchased a new stake in Union Bankshares in the 3rd quarter worth approximately $235,000. Jane Street Group LLC purchased a new stake in Union Bankshares in the 3rd quarter worth approximately $236,000. Schwab Charles Investment Management Inc. boosted its position in Union Bankshares by 27.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,500 shares of the bank’s stock worth $390,000 after purchasing an additional 1,600 shares in the last quarter. Renaissance Technologies LLC boosted its position in Union Bankshares by 39.3% in the 2nd quarter. Renaissance Technologies LLC now owns 12,400 shares of the bank’s stock worth $644,000 after purchasing an additional 3,500 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Union Bankshares by 5.3% in the 2nd quarter. BlackRock Inc. now owns 182,762 shares of the bank’s stock worth $9,485,000 after purchasing an additional 9,205 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Shares of NASDAQ:UNB traded down $1.01 during midday trading on Monday, reaching $45.25. 1 shares of the company’s stock traded hands, compared to its average volume of 2,593. Union Bankshares Inc has a 1 year low of $41.40 and a 1 year high of $54.99. The firm has a market capitalization of $206.60 million, a price-to-earnings ratio of 20.03 and a beta of 0.30.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, January 16th. The bank reported $0.63 earnings per share for the quarter. Union Bankshares had a return on equity of 17.10% and a net margin of 23.07%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, January 28th were issued a $0.31 dividend. The ex-dividend date was Friday, January 25th. This represents a $1.24 dividend on an annualized basis and a yield of 2.74%. This is a positive change from Union Bankshares’s previous quarterly dividend of $0.30.

Separately, Brean Capital set a $42.00 target price on Union Bankshares and gave the company a “buy” rating in a research report on Friday, November 16th.

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About Union Bankshares

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, health savings, and individual retirement accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Union Bankshares (NASDAQ:UNB)

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