Cannell & Spears LLC Sells 860 Shares of Union Bankshares, Inc. (NASDAQ:UNB)

Cannell & Spears LLC reduced its stake in Union Bankshares, Inc. (NASDAQ:UNB) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,080 shares of the bank’s stock after selling 860 shares during the period. Cannell & Spears LLC’s holdings in Union Bankshares were worth $1,217,000 at the end of the most recent quarter.

Separately, Cardinal Capital Management boosted its stake in Union Bankshares by 2.2% in the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank’s stock valued at $2,200,000 after purchasing an additional 1,674 shares during the period. Hedge funds and other institutional investors own 14.84% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Union Bankshares from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th.

Union Bankshares Price Performance

NASDAQ:UNB opened at $31.47 on Tuesday. 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 firm has a market cap of $142.40 million, a price-to-earnings ratio of 16.22 and a beta of 0.80. Union Bankshares, Inc. has a 52 week low of $21.00 and a 52 week high of $37.70. The firm’s 50-day simple moving average is $30.85 and its 200 day simple moving average is $30.05.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.

Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Saturday, January 25th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, January 24th. Union Bankshares’s dividend payout ratio (DPR) is currently 74.23%.

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.