Union Bankshares (NASDAQ:UNB) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Union Bankshares (NASDAQ:UNB) from a hold rating to a sell rating in a report published on Monday.

Union Bankshares Price Performance

Union Bankshares stock opened at $29.20 on Monday. Union Bankshares has a 1 year low of $21.00 and a 1 year high of $37.70. 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 50 day moving average price of $31.56 and a 200 day moving average price of $27.44. The company has a market cap of $132.13 million, a price-to-earnings ratio of 14.97 and a beta of 0.80.

Union Bankshares (NASDAQ:UNB) last issued its earnings results on Wednesday, October 16th. The bank reported $0.29 earnings per share for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.

Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Saturday, October 26th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.93%. Union Bankshares’s payout ratio is currently 73.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Community Financial Services Group LLC bought a new stake in shares of Union Bankshares in the 3rd quarter worth about $220,000. Renaissance Technologies LLC increased its holdings in Union Bankshares by 7.7% in the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after buying an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after buying an additional 2,914 shares during the last quarter. Geode Capital Management LLC raised its stake in Union Bankshares by 3.0% during the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after buying an additional 1,188 shares in the last quarter. Finally, Cardinal Capital Management lifted its holdings in Union Bankshares by 15.1% during the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock worth $1,930,000 after buying an additional 9,784 shares during the last quarter. Hedge funds and other institutional investors own 14.84% of the company’s stock.

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.