683 Capital Management LLC Acquires Shares of 10,520 Union Bankshares, Inc. (NASDAQ:UNB)

683 Capital Management LLC acquired a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,520 shares of the bank's stock, valued at approximately $304,000. 683 Capital Management LLC owned about 0.23% of Union Bankshares at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Alpine Global Management LLC acquired a new stake in shares of Union Bankshares in the 4th quarter valued at approximately $269,000. Renaissance Technologies LLC boosted its position in shares of Union Bankshares by 13.2% during the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock worth $541,000 after purchasing an additional 2,176 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Union Bankshares by 16.8% in the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock valued at $893,000 after buying an additional 4,436 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Union Bankshares by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock valued at $1,020,000 after buying an additional 1,474 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake 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 buying an additional 1,188 shares during the period. 14.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Union Bankshares Stock Up 1.2 %

Shares of UNB stock traded up $0.40 during trading hours on Monday, hitting $34.30. 9,476 shares of the company were exchanged, compared to its average volume of 7,745. Union Bankshares, Inc. has a 52 week low of $21.00 and a 52 week 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. The business has a 50 day moving average of $30.51 and a two-hundred day moving average of $30.92. The company has a market capitalization of $155.69 million, a PE ratio of 17.68 and a beta of 0.57.

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

Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Saturday, April 26th were issued a $0.36 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.20%. Union Bankshares's dividend payout ratio (DPR) is presently 73.47%.

Union Bankshares 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.