Alpine Global Management LLC Acquires Shares of 9,309 Union Bankshares, Inc. (NASDAQ:UNB)

Alpine Global Management LLC bought a new position in shares of Union Bankshares, Inc. (NASDAQ:UNB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,309 shares of the bank’s stock, valued at approximately $269,000. Alpine Global Management LLC owned 0.21% of Union Bankshares as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UNB. Bank of America Corp DE grew its position in Union Bankshares by 24.0% during the fourth quarter. Bank of America Corp DE now owns 4,225 shares of the bank’s stock valued at $122,000 after buying an additional 819 shares during the period. 683 Capital Management LLC acquired a new position in shares of Union Bankshares during the 4th quarter worth approximately $304,000. Renaissance Technologies LLC lifted its position in shares of Union Bankshares by 13.2% during the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank’s stock valued at $541,000 after buying an additional 2,176 shares in the last quarter. Northern Trust Corp increased its holdings in Union Bankshares by 16.8% in the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock worth $893,000 after acquiring an additional 4,436 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Union Bankshares by 4.4% during the fourth 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 in the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

Union Bankshares Stock Performance

NASDAQ:UNB opened at $30.85 on Friday. The company has a market cap of $140.03 million, a P/E ratio of 15.90 and a beta of 0.57. Union Bankshares, Inc. has a twelve month low of $21.00 and a twelve month high of $37.70. The company’s 50-day moving average price is $31.82 and its 200-day moving average price is $31.35. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

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

Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Saturday, April 26th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Friday, April 25th. Union Bankshares’s dividend payout ratio is currently 73.47%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Union Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.