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

Union Bankshares, Inc. (NASDAQ:UNB) was the target of a large decline in short interest in 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. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 6,500 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analyst Weigh In

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

Union Bankshares Stock Up 0.1 %

Shares of NASDAQ:UNB traded up $0.03 on Friday, reaching $30.89. The company had a trading volume of 4,718 shares, compared to its average volume of 5,461. The stock has a market capitalization of $139.62 million, a P/E ratio of 15.84 and a beta of 0.74. The stock has a 50-day moving average price of $27.37 and a 200 day moving average price of $25.08. Union Bankshares has a twelve month low of $21.00 and a twelve month high of $32.00. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.25.

Union Bankshares (NASDAQ:UNB) last released 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 Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Cardinal Capital Management boosted its position in shares of Union Bankshares by 17.4% during the 2nd quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock valued at $1,388,000 after acquiring an additional 9,568 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Union Bankshares by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after purchasing an additional 2,914 shares during the period. Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 1,000 shares in the last quarter. Finally, Community Financial Services Group LLC bought a new stake in shares of Union Bankshares in the 3rd quarter valued at approximately $220,000. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.