Alpine Global Management LLC Makes New $269,000 Investment in Union Bankshares, Inc. (NASDAQ:UNB)

Alpine Global 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 filing with the Securities & Exchange Commission. The institutional investor acquired 9,309 shares of the bank's stock, valued at approximately $269,000. Alpine Global Management LLC owned approximately 0.21% of Union Bankshares at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UNB. Cardinal Capital Management grew its stake in shares of Union Bankshares by 2.2% during the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank's stock valued at $2,200,000 after purchasing an additional 1,674 shares during the period. Renaissance Technologies LLC grew its holdings in Union Bankshares by 13.2% during the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock valued at $541,000 after purchasing an additional 2,176 shares during the period. Dimensional Fund Advisors LP increased its position in 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 buying an additional 1,474 shares in the last quarter. Northern Trust Corp raised its stake in shares of Union Bankshares by 16.8% in the fourth quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock worth $893,000 after buying an additional 4,436 shares during the period. Finally, 683 Capital Management LLC purchased a new position in shares of Union Bankshares during the 4th quarter valued at about $304,000. 14.84% of the stock is owned by hedge funds and other institutional investors.

Union Bankshares Price Performance

NASDAQ UNB traded up $1.16 on Wednesday, reaching $29.86. The company had a trading volume of 7,128 shares, compared to its average volume of 8,289. The stock has a market capitalization of $135.51 million, a PE ratio of 15.39 and a beta of 0.57. Union Bankshares, Inc. has a 12 month low of $21.00 and a 12 month high of $37.70. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm's 50 day moving average price is $31.81 and its 200 day moving average price is $31.38.

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

Union Bankshares Dividend Announcement

The company also recently announced 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 of this dividend was Friday, April 25th. This represents a $1.44 annualized dividend and a dividend yield of 4.82%. Union Bankshares's dividend payout ratio (DPR) is presently 73.47%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Union Bankshares from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st.

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.