Union Bankshares, Inc. (NASDAQ:UNB) Sees Large Decline in Short Interest

Union Bankshares, Inc. (NASDAQ:UNB) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 4,900 shares, a drop of 32.9% from the May 31st total of 7,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Union Bankshares in a report on Friday, May 31st. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Union Bankshares

A hedge fund recently bought a new stake in Union Bankshares stock. Community Financial Services Group LLC purchased a new stake in Union Bankshares, Inc. (NASDAQ:UNB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,480 shares of the bank’s stock, valued at approximately $259,000. Community Financial Services Group LLC owned about 0.19% of Union Bankshares at the end of the most recent reporting period. 14.84% of the stock is owned by hedge funds and other institutional investors.

Union Bankshares Stock Up 1.0 %

Shares of Union Bankshares stock traded up $0.21 during trading on Friday, hitting $21.48. 9,161 shares of the stock were exchanged, compared to its average volume of 5,256. The stock has a market cap of $97.09 million, a price-to-earnings ratio of 9.06 and a beta of 0.82. The firm’s 50-day moving average price is $24.10 and its 200 day moving average price is $28.07. Union Bankshares has a 12-month low of $20.07 and a 12-month high of $32.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.80.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings data on Tuesday, May 14th. The bank reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $11.58 million during the quarter. Union Bankshares had a net margin of 15.19% and a return on equity of 17.85%.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Saturday, April 27th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.44 annualized dividend and a dividend yield of 6.70%. Union Bankshares’s dividend payout ratio (DPR) is currently 60.76%.

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.