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

Union Bankshares, Inc. (NASDAQ:UNB) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 5,700 shares, a decline of 26.0% from the October 15th total of 7,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Union Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of UNB. Community Financial Services Group LLC bought a new position in shares of Union Bankshares during the third quarter valued at about $220,000. Renaissance Technologies LLC raised its stake in Union Bankshares by 7.7% in the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after buying an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after buying an additional 2,914 shares in the last quarter. Finally, Cardinal Capital Management raised its stake in Union Bankshares by 17.4% in the second quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock worth $1,388,000 after buying an additional 9,568 shares in the last quarter. 14.84% of the stock is owned by institutional investors.

Union Bankshares Stock Up 0.1 %

Shares of NASDAQ:UNB opened at $30.89 on Friday. Union Bankshares has a 52-week low of $21.00 and a 52-week high of $32.00. The firm has a fifty day moving average of $27.37 and a 200 day moving average of $25.08. The firm has a market capitalization of $139.62 million, a PE 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 posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.29 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 13.53%.

Union Bankshares Announces Dividend

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

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.