Union Bankshares, Inc. (NASDAQ:UNB) Short Interest Down 32.9% in June

Union Bankshares, Inc. (NASDAQ:UNB) was the target of a significant 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. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Union Bankshares stock. Cardinal Capital Management lifted its stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,061 shares of the bank’s stock after purchasing an additional 12,690 shares during the quarter. Cardinal Capital Management owned 1.22% of Union Bankshares worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission. 14.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Union Bankshares Price Performance

NASDAQ UNB traded up $0.21 during midday trading on Friday, hitting $21.48. The company had a trading volume of 9,161 shares, compared to its average volume of 5,256. The firm has a 50-day moving average price of $24.10 and a 200-day moving average price of $28.07. The company has a market capitalization of $97.07 million, a PE ratio of 9.06 and a beta of 0.82. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25. Union Bankshares has a twelve month low of $20.07 and a twelve month high of $32.00.

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

Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Investors 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 is 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.