Union Bankshares, Inc. (NASDAQ:UNB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Union Bankshares, Inc. (NASDAQ:UNB) by 10.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,924 shares of the bank’s stock after acquiring an additional 2,914 shares during the period. Dimensional Fund Advisors LP owned about 0.68% of Union Bankshares worth $664,000 as of its most recent SEC filing.

Separately, Cardinal Capital Management boosted its holdings in shares of Union Bankshares by 17.4% in the 2nd quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock valued at $1,388,000 after buying an additional 9,568 shares during the period. Institutional investors own 14.84% of the company’s stock.

Union Bankshares Stock Up 2.9 %

NASDAQ UNB opened at $26.70 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.79. The company’s 50 day simple moving average is $25.40 and its 200 day simple moving average is $25.00. Union Bankshares, Inc. has a 12 month low of $21.00 and a 12 month high of $32.00. The company has a market capitalization of $120.68 million, a P/E ratio of 12.03 and a beta of 0.76.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings results on Friday, August 9th. The bank reported $0.45 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 16.36%. The business had revenue of $12.25 million for the quarter.

Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Saturday, July 27th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Friday, July 26th. Union Bankshares’s payout ratio is presently 64.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Union Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

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.