Union Bankshares (NASDAQ:UNB) Upgraded by StockNews.com to Hold Rating

Union Bankshares (NASDAQ:UNB) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Union Bankshares Stock Performance

NASDAQ:UNB opened at $30.00 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market cap of $135.75 million, a PE ratio of 15.38 and a beta of 0.80. The firm has a 50 day simple moving average of $31.60 and a 200-day simple moving average of $27.79. Union Bankshares has a 1-year low of $21.00 and a 1-year high of $37.70.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Wednesday, January 15th. The bank reported $0.67 EPS for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.

Institutional Trading of Union Bankshares

Institutional investors have recently added to or reduced their stakes in the business. Cardinal Capital Management boosted its holdings in Union Bankshares by 15.1% in the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock worth $1,930,000 after acquiring an additional 9,784 shares during the period. Geode Capital Management LLC boosted its stake in shares of Union Bankshares by 3.0% in the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,188 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 2,914 shares during the period. Renaissance Technologies LLC grew its holdings in Union Bankshares by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Community Financial Services Group LLC purchased a new stake in Union Bankshares during the 3rd quarter worth $220,000. 14.84% of the stock is owned by hedge funds and other institutional investors.

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.