Union Bankshares, Inc. (UNB) Shares Sold by Stifel Financial Corp
Stifel Financial Corp lowered its stake in Union Bankshares, Inc. (NASDAQ:UNB) by 42.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,617 shares of the bank’s stock after selling 3,447 shares during the period. Stifel Financial Corp owned 0.10% of Union Bankshares worth $219,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Union Bankshares by 181.9% in the 2nd quarter. Vanguard Group Inc. now owns 73,034 shares of the bank’s stock worth $3,469,000 after purchasing an additional 47,123 shares during the last quarter. Northern Trust Corp increased its position in shares of Union Bankshares by 5.2% in the 2nd quarter. Northern Trust Corp now owns 44,112 shares of the bank’s stock worth $2,095,000 after purchasing an additional 2,183 shares during the last quarter. Cardinal Capital Management increased its position in shares of Union Bankshares by 11.5% in the 2nd quarter. Cardinal Capital Management now owns 17,586 shares of the bank’s stock worth $835,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Union Bankshares by 7.5% in the 2nd quarter. Teachers Advisors LLC now owns 6,674 shares of the bank’s stock worth $317,000 after purchasing an additional 464 shares during the last quarter. 14.28% of the stock is owned by institutional investors.
Separately, ValuEngine raised shares of Union Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th.
Shares of Union Bankshares, Inc. (UNB) opened at $49.90 on Tuesday. Union Bankshares, Inc. has a 1 year low of $33.15 and a 1 year high of $50.30. The firm has a market cap of $221.09, a PE ratio of 24.90 and a beta of 0.33.
Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.53 earnings per share for the quarter. Union Bankshares had a net margin of 23.28% and a return on equity of 15.44%.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Saturday, October 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 26th. Union Bankshares’s dividend payout ratio is presently 58.29%.
Union Bankshares Profile
Union Bankshares, Inc is a one-bank holding company whose subsidiary is Union Bank (Union or the Bank). The Company’s business is that of a community bank in the financial services industry. The Company operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire.
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