10,520 Shares in Union Bankshares, Inc. (NASDAQ:UNB) Purchased by 683 Capital Management LLC

683 Capital Management LLC acquired a new position in Union Bankshares, Inc. (NASDAQ:UNB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,520 shares of the bank's stock, valued at approximately $304,000. 683 Capital Management LLC owned 0.23% of Union Bankshares as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of UNB. Alpine Global Management LLC purchased a new position in Union Bankshares during the 4th quarter valued at about $269,000. Renaissance Technologies LLC lifted its position in Union Bankshares by 13.2% in the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock worth $541,000 after buying an additional 2,176 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock valued at $893,000 after acquiring an additional 4,436 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Union Bankshares by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock worth $1,020,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Union Bankshares by 3.0% during 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 last quarter. Hedge funds and other institutional investors own 14.84% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Union Bankshares from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd.

Union Bankshares Stock Up 0.7 %

NASDAQ UNB traded up $0.24 during trading on Thursday, hitting $34.38. 1,494 shares of the company traded hands, compared to its average volume of 7,731. The company has a market capitalization of $156.05 million, a P/E ratio of 17.72 and a beta of 0.57. The business has a fifty day simple moving average of $30.71 and a 200 day simple moving average of $30.97. Union Bankshares, Inc. has a 12 month low of $21.00 and a 12 month high of $37.70. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Union Bankshares (NASDAQ:UNB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The bank reported $0.55 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%. The firm had revenue of $12.70 million during the quarter.

Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Saturday, April 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Friday, April 25th. Union Bankshares's dividend payout ratio is 73.47%.

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.