Union Bankshares (NASDAQ:UNB) Rating Lowered to “Sell” at StockNews.com

Union Bankshares (NASDAQ:UNB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Union Bankshares Stock Performance

NASDAQ UNB opened at $34.40 on Friday. The stock has a market capitalization of $155.49 million, a price-to-earnings ratio of 17.73 and a beta of 0.81. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $31.13 and its two-hundred day moving average is $28.84. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $37.70.

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 return on equity of 13.09% and a net margin of 11.74%.

Institutional Investors Weigh In On Union Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of UNB. Cardinal Capital Management grew its holdings in shares of 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. Community Financial Services Group LLC acquired a new stake in Union Bankshares during the 3rd quarter valued at $220,000. Geode Capital Management LLC grew its holdings in Union Bankshares by 3.0% during the 3rd 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 during the last quarter. Renaissance Technologies LLC grew its holdings in 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 buying an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.