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

Trust Co. of Vermont acquired a new stake in Union Bankshares, Inc. (NASDAQ:UNB) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 29,323 shares of the bank’s stock, valued at approximately $711,000. Trust Co. of Vermont owned 0.64% of Union Bankshares as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNB. Kestra Advisory Services LLC acquired a new stake in shares of Union Bankshares in the 4th quarter valued at about $42,000. JPMorgan Chase & Co. boosted its position in Union Bankshares by 34,520.0% during the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,726 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Union Bankshares in the second quarter valued at $53,000. Russell Investments Group Ltd. bought a new position in shares of Union Bankshares in the 3rd quarter valued at about $63,000. Finally, New York State Common Retirement Fund bought a new position in Union Bankshares during the second quarter worth about $104,000. 14.84% of the stock is owned by institutional investors and hedge funds.

Union Bankshares Price Performance

Shares of NASDAQ:UNB opened at $24.15 on Wednesday. The firm has a 50 day moving average of $24.33 and a 200-day moving average of $24.14. The stock has a market capitalization of $119.54 million, a PE ratio of 9.25 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.18. Union Bankshares, Inc. has a 12 month low of $20.65 and a 12 month high of $27.20.

Union Bankshares Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen upgraded Union Bankshares to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Union Bankshares 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.