Union Bankshares, Inc. (NASDAQ:UNB) Short Interest Up 59.7% in July

Key Points

• Union Bankshares, Inc. experienced a significant 59.7% increase in short interest in July, totaling 110,000 shares, reflecting a short-interest ratio of 6.5 days.
• The company reported quarterly earnings of $0.53 per share and a revenue of $13.20 million, with a return on equity of 13.22%.
• Union Bankshares recently declared a quarterly dividend of $0.36 per share, resulting in an annualized yield of 5.5% for shareholders.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 110,000 shares, agrowthof59.7% from the June 30th total of 68,900 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is presently 6.5 days. Currently,3.0% of the company's shares are short sold. Currently,3.0% of the company's shares are short sold. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is presently 6.5 days.

Union Bankshares Trading Up 0.6%

UNB traded up $0.15 during trading on Friday, reaching $26.20. 5,047 shares of the company's stock were exchanged, compared to its average volume of 7,991. Union Bankshares has a one year low of $23.00 and a one year high of $37.70. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $118.95 million, a PE ratio of 12.84 and a beta of 0.56. The firm has a fifty day moving average price of $27.47 and a two-hundred day moving average price of $29.94.

Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The bank reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $13.20 million for the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.22%.

Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Saturday, July 26th were given a $0.36 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.5%. Union Bankshares's payout ratio is 70.59%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Union Bankshares from a "hold" rating to a "sell" rating in a report on Saturday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Union Bankshares by 24.0% in the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock worth $122,000 after purchasing an additional 819 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Union Bankshares in the 1st quarter worth approximately $214,000. Alpine Global Management LLC acquired a new position in shares of Union Bankshares in the 4th quarter worth approximately $269,000. 683 Capital Management LLC acquired a new position in shares of Union Bankshares in the 4th quarter worth approximately $304,000. Finally, Jane Street Group LLC acquired a new position in shares of Union Bankshares in the 1st quarter worth approximately $401,000. Institutional investors and hedge funds own 14.84% of the company's stock.

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.