Short Interest in Union Bankshares, Inc. (NASDAQ:UNB) Drops By 17.5%

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 14,100 shares, a decrease of 17.5% from the April 15th total of 17,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,100 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On Union Bankshares

A hedge fund recently bought a new stake in Union Bankshares stock. Community Financial Services Group LLC bought a new position in Union Bankshares, Inc. (NASDAQ:UNB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,480 shares of the bank's stock, valued at approximately $259,000. Community Financial Services Group LLC owned about 0.19% of Union Bankshares as of its most recent filing with the Securities & Exchange Commission. 14.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Union Bankshares in a research note on Tuesday, May 7th. They issued a "hold" rating on the stock.

Union Bankshares Stock Up 1.0 %

NASDAQ UNB traded up $0.25 on Monday, hitting $25.60. 2,267 shares of the company were exchanged, compared to its average volume of 3,946. The company has a market cap of $115.69 million, a PE ratio of 10.24 and a beta of 0.91. Union Bankshares has a 12 month low of $20.07 and a 12 month high of $32.00. The stock has a fifty day moving average of $28.75 and a 200-day moving average of $29.22. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Saturday, April 27th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.44 annualized dividend and a yield of 5.63%. Union Bankshares's payout ratio is currently 57.60%.

About Union Bankshares

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.