Union Bankshares, Inc. (NASDAQ:UNB) Short Interest Update

Union Bankshares, Inc. (NASDAQ:UNB) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 5,700 shares, a decrease of 26.0% from the October 15th total of 7,700 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Union Bankshares Price Performance

Shares of NASDAQ UNB opened at $30.89 on Friday. Union Bankshares has a fifty-two week low of $21.00 and a fifty-two week high of $32.00. The company has a 50 day simple moving average of $27.37 and a two-hundred day simple moving average of $25.08. The company has a market capitalization of $139.62 million, a price-to-earnings ratio of 15.84 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 0.80.

Union Bankshares (NASDAQ:UNB) last announced its earnings results on Wednesday, October 16th. The bank reported $0.29 earnings per share for the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 13.53%.

Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Saturday, October 26th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Friday, October 25th. Union Bankshares’s dividend payout ratio is 73.85%.

Hedge Funds Weigh In On Union Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Community Financial Services Group LLC purchased a new stake in shares of Union Bankshares during the third quarter valued at approximately $220,000. Cardinal Capital Management grew its holdings in shares of Union Bankshares by 15.1% during the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock valued at $1,930,000 after buying an additional 9,784 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Union Bankshares by 7.7% during the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after buying an additional 1,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Union Bankshares by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after buying an additional 2,914 shares during the last quarter. Institutional investors own 14.84% of the company’s stock.

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.