Trust Co. of Vermont Buys Shares of 29,323 Union Bankshares, Inc. $UNB

Trust Co. of Vermont bought a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,323 shares of the bank’s stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Union Bankshares by 0.3% in the third quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock worth $4,583,000 after acquiring an additional 529 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Union Bankshares by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 87,314 shares of the bank’s stock valued at $2,072,000 after purchasing an additional 1,249 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Union Bankshares by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock worth $1,015,000 after purchasing an additional 1,707 shares in the last quarter. State Street Corp increased its position in Union Bankshares by 1.8% during the 4th quarter. State Street Corp now owns 37,275 shares of the bank’s stock worth $885,000 after purchasing an additional 649 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Union Bankshares in the 4th quarter valued at approximately $311,000. Institutional investors own 14.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNB. Weiss Ratings reiterated a “hold (c)” rating on shares of Union Bankshares in a research note on Wednesday, June 24th. Wall Street Zen upgraded Union Bankshares to a “hold” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Union Bankshares Stock Performance

Union Bankshares stock opened at $24.15 on Wednesday. The business has a 50 day moving average of $24.33 and a 200-day moving average of $24.14. The company has a market capitalization of $119.54 million, a P/E ratio of 9.25 and a beta of 0.30. Union Bankshares, Inc. has a 1 year low of $20.65 and a 1 year high of $27.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.79.

Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, July 27th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, July 27th. Union Bankshares’s dividend payout ratio is 55.17%.

Union Bankshares Company Profile

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.