683 Capital Management LLC Acquires Shares of 10,520 Union Bankshares, Inc. (NASDAQ:UNB)

683 Capital Management LLC bought a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,520 shares of the bank’s stock, valued at approximately $304,000. 683 Capital Management LLC owned 0.23% of Union Bankshares at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Alpine Global Management LLC purchased a new stake in Union Bankshares in the 4th quarter worth approximately $269,000. Renaissance Technologies LLC boosted its holdings in Union Bankshares by 13.2% in the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank’s stock valued at $541,000 after acquiring an additional 2,176 shares in the last quarter. Northern Trust Corp increased its position in Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock valued at $893,000 after purchasing an additional 4,436 shares during the period. Dimensional Fund Advisors LP increased its position in Union Bankshares by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank’s stock valued at $1,020,000 after purchasing an additional 1,474 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Union Bankshares by 3.0% in the 3rd 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 in the last quarter. 14.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Union Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd.

Union Bankshares Stock Up 1.5 %

UNB stock opened at $33.90 on Friday. The company has a market capitalization of $153.87 million, a price-to-earnings ratio of 17.47 and a beta of 0.57. 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 business’s 50 day moving average price is $30.42 and its two-hundred day moving average price is $30.82. Union Bankshares, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $37.70.

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

Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Saturday, April 26th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, April 25th. Union Bankshares’s payout ratio is currently 73.47%.

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.