Union Bankshares, Inc. (NASDAQ: UNB) Short interest up 35.6% in December
Union Bankshares, Inc. (NASDAQ: UNB) saw strong growth in short-term interest in December. As of December 15, there was short interest totaling 13,700 shares, an increase of 35.6% from the total of 10,100 shares as of November 30. Based on an average daily trade volume of 3,100 stocks, the day / hedge ratio is currently 4.4 days. Currently, 0.4% of the company’s shares are sold short.
NASDAQ UNB opened at $ 30.10 on Wednesday. Union Bankshares has a 12-month low of $ 25.05 and a 12-month high of $ 37.99. The company has a debt to equity ratio of 0.19, a current ratio of 0.86, and a quick ratio of 0.85. The 50-day simple moving average for the stock is $ 31.12. The company has a market cap of $ 135.00 million, a PE ratio of 9.93 and a beta of 0.94.
Union Bankshares (NASDAQ: UNB) last released its quarterly results on Wednesday, October 20. The bank reported EPS of $ 0.87 for the quarter. Union Bankshares had a net margin of 25.42% and a return on equity of 16.65%.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 4. Investors of record on Saturday, October 30, received a dividend of $ 0.33 per share. The ex-dividend date was Thursday, October 28. This represents an annualized dividend of $ 1.32 and a dividend yield of 4.39%. Union Bankshares’ payout ratio is currently 43.56%.
A number of institutional investors and hedge funds have recently increased or reduced their holdings in UNB. FMR LLC increased its stake in Union Bankshares by 44.3% in the second quarter. FMR LLC now owns 79,522 shares of the bank valued at $ 2,879,000 after acquiring an additional 24,406 shares during the period. Vanguard Group Inc. increased its stake in Union Bankshares shares by 18.3% during the second quarter. Vanguard Group Inc. now owns 125,679 shares of the bank valued at $ 4,549,000 after acquiring an additional 19,423 shares during the period. State Street Corp purchased a new equity stake in Union Bankshares in the second quarter for a value of $ 221,000. Geode Capital Management LLC increased its stake in Union Bankshares by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 35,546 shares of the bank valued at $ 1,136,000 after acquiring an additional 3,480 shares in the last quarter. Finally, Penn Mutual Asset Management LLC increased its stake in Union Bankshares by 81.8% during the second quarter. Penn Mutual Asset Management LLC now owns 6,000 shares of the bank valued at $ 217,000 after purchasing an additional 2,700 shares in the last quarter. 13.35% of the shares are held by institutional investors and hedge funds.
About Union Bankshares
Union Bankshares, Inc. operates as a bank holding company for Union Bank, which provides retail, commercial, municipal, asset management and trust banking services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans and municipal loans.
Read more: Profit margin
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