Union Bankshares, Inc. (NASDAQ:UNB – Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 35,700 shares, a growth of 183.3% from the December 15th total of 12,600 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is currently 4.2 days.
Institutional Investors Weigh In On Union Bankshares
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Community Financial Services Group LLC acquired a new stake in Union Bankshares during the third quarter worth approximately $220,000. Renaissance Technologies LLC lifted its stake in shares of Union Bankshares by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after purchasing an additional 1,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 last quarter. Geode Capital Management LLC grew its position in shares of Union Bankshares by 3.0% in the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,188 shares during the period. Finally, Cardinal Capital Management grew its position in shares of Union Bankshares by 15.1% in the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock valued at $1,930,000 after purchasing an additional 9,784 shares during the period. 14.84% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Union Bankshares from a “hold” rating to a “sell” rating in a report on Monday.
Union Bankshares Price Performance
Union Bankshares stock traded down $0.76 during mid-day trading on Thursday, hitting $28.79. 1,217 shares of the company were exchanged, compared to its average volume of 7,374. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The business’s 50 day simple moving average is $31.58 and its two-hundred day simple moving average is $27.56. The company has a market capitalization of $130.27 million, a P/E ratio of 14.76 and a beta of 0.80. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $37.70.
Union Bankshares (NASDAQ:UNB – Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The bank reported $0.67 EPS for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.
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.
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