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

Union Bankshares, Inc. (NASDAQ:UNB) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 12,600 shares, an increase of 100.0% from the November 30th total of 6,300 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 7,800 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Community Financial Services Group LLC bought a new stake in shares of Union Bankshares in the third quarter valued at about $220,000. Renaissance Technologies LLC raised its position in Union Bankshares by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after buying an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Union Bankshares by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after acquiring an additional 2,914 shares in the last quarter. Geode Capital Management LLC boosted its position in Union Bankshares by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock worth $1,050,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Cardinal Capital Management boosted its position in Union Bankshares by 15.1% during the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock worth $1,930,000 after acquiring an additional 9,784 shares during the last quarter. Institutional investors own 14.84% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday.

Union Bankshares Trading Up 0.7 %

NASDAQ:UNB traded up $0.20 during mid-day trading on Friday, hitting $28.60. The company had a trading volume of 5,127 shares, compared to its average volume of 6,013. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. Union Bankshares has a fifty-two week low of $21.00 and a fifty-two week high of $37.70. The firm has a market cap of $129.42 million, a P/E ratio of 14.67 and a beta of 0.78. The business’s fifty day moving average is $31.47 and its two-hundred day moving average is $26.90.

Union Bankshares (NASDAQ:UNB) last issued its earnings results on Wednesday, October 16th. The bank reported $0.29 EPS for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Saturday, October 26th were given a $0.36 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.44 annualized dividend and a dividend yield of 5.03%. Union Bankshares’s dividend payout ratio is presently 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.