Dimensional Fund Advisors LP Increases Stock Holdings in Union Bankshares, Inc. (NASDAQ:UNB)

Dimensional Fund Advisors LP boosted its position in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,276 shares of the bank’s stock after purchasing an additional 1,474 shares during the period. Dimensional Fund Advisors LP’s holdings in Union Bankshares were worth $1,020,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC boosted its stake in shares of Union Bankshares by 13.2% in the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank’s stock valued at $541,000 after buying an additional 2,176 shares during the period. 14.84% of the stock is owned by institutional investors and hedge funds.

Union Bankshares Trading Down 2.2%

UNB opened at $35.00 on Friday. The firm has a market cap of $158.87 million, a price-to-earnings ratio of 18.04 and a beta of 0.57. Union Bankshares, Inc. has a 52 week low of $21.00 and a 52 week high of $37.70. The business’s 50 day moving average is $31.42 and its two-hundred day moving average is $31.22. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.55 EPS for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%. The business had revenue of $12.70 million during the quarter.

Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Saturday, April 26th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.11%. The ex-dividend date was Friday, April 25th. Union Bankshares’s dividend payout ratio (DPR) is 73.47%.

Analysts Set New Price Targets

Separately, StockNews.com cut Union Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd.

Union Bankshares 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.