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

Union Bankshares, Inc. (NASDAQ:UNB) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 28,300 shares, a growth of 23.6% from the March 15th total of 22,900 shares. Based on an average daily volume of 8,400 shares, the short-interest ratio is presently 3.4 days. Approximately 0.8% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Union Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd.

Institutional Trading of Union Bankshares

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Union Bankshares by 24.0% during the fourth quarter. Bank of America Corp DE now owns 4,225 shares of the bank’s stock worth $122,000 after purchasing an additional 819 shares in the last quarter. Alpine Global Management LLC acquired a new position in Union Bankshares in the 4th quarter worth $269,000. 683 Capital Management LLC purchased a new position in Union Bankshares in the 4th quarter valued at about $304,000. Renaissance Technologies LLC boosted its position in 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 last quarter. Finally, Northern Trust Corp grew its stake in shares of Union Bankshares by 16.8% during the fourth quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock valued at $893,000 after acquiring an additional 4,436 shares in the last quarter. Institutional investors and hedge funds own 14.84% of the company’s stock.

Union Bankshares Stock Performance

Shares of UNB stock opened at $31.34 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market cap of $142.25 million, a PE ratio of 16.15 and a beta of 0.58. The company’s fifty day simple moving average is $30.06 and its 200-day simple moving average is $30.34. Union Bankshares has a 52 week low of $21.00 and a 52 week high of $37.70.

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

Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Saturday, April 26th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.44 annualized dividend and a dividend yield of 4.59%. Union Bankshares’s payout ratio is currently 73.47%.

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.