Alpine Global Management LLC Buys Shares of 9,309 Union Bankshares, Inc. (NASDAQ:UNB)

Alpine Global Management LLC purchased a new position in Union Bankshares, Inc. (NASDAQ:UNB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,309 shares of the bank's stock, valued at approximately $269,000. Alpine Global Management LLC owned approximately 0.21% of Union Bankshares as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Union Bankshares by 3.0% during the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank's stock worth $1,050,000 after purchasing an additional 1,188 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Union Bankshares by 4.4% during the fourth 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. Cardinal Capital Management lifted its holdings in Union Bankshares by 2.2% during the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank's stock worth $2,200,000 after buying an additional 1,674 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of 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 acquiring an additional 2,176 shares in the last quarter. Hedge funds and other institutional investors own 14.84% of the company's stock.

Union Bankshares Stock Performance

Shares of Union Bankshares stock traded down $0.90 during trading hours on Friday, reaching $34.83. The company's stock had a trading volume of 7,083 shares, compared to its average volume of 7,722. Union Bankshares, Inc. has a one year low of $21.00 and a one year high of $37.70. The company's 50 day simple moving average is $30.05 and its 200 day simple moving average is $30.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market cap of $158.09 million, a P/E ratio of 17.95 and a beta of 0.58.

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

Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Saturday, April 26th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, April 25th. This represents a $1.44 dividend on an annualized basis and a yield of 4.13%. Union Bankshares's dividend payout ratio is currently 73.47%.

Analyst Upgrades and Downgrades

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

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.