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 15th, there was short interest totalling 7,700 shares, a decrease of 15.4% from the September 30th total of 9,100 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,500 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

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

Union Bankshares Stock Performance

NASDAQ UNB traded down $0.27 on Monday, hitting $28.47. 791 shares of the stock traded hands, compared to its average volume of 5,347. The business’s fifty day moving average is $26.17 and its two-hundred day moving average is $24.83. Union Bankshares has a 12 month low of $21.00 and a 12 month high of $32.00. The firm has a market capitalization of $128.66 million, a price-to-earnings ratio of 12.01 and a beta of 0.76. 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 quarterly earnings data on Friday, August 9th. The bank reported $0.45 earnings per share for the quarter. Union Bankshares had a return on equity of 13.53% and a net margin of 13.63%. The business had revenue of $12.25 million during the quarter.

Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Saturday, October 26th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.06%. The ex-dividend date is Friday, October 25th. Union Bankshares’s dividend payout ratio (DPR) is 60.76%.

Hedge Funds Weigh In On Union Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the company. Community Financial Services Group LLC bought a new position in shares of Union Bankshares in the third quarter worth $220,000. Renaissance Technologies LLC boosted its holdings in shares of 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 acquiring an additional 1,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 2,914 shares during the period. Finally, Cardinal Capital Management boosted its holdings in shares of 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 acquiring an additional 9,568 shares during the period. 14.84% of the stock is owned by institutional investors.

About Union Bankshares

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.