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

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

Union Bankshares Trading Up 0.7 %

Shares of UNB opened at $29.00 on Friday. The firm has a 50 day simple moving average of $30.50 and a 200-day simple moving average of $29.49. The stock has a market cap of $131.23 million, a price-to-earnings ratio of 14.95 and a beta of 0.80. 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 current ratio of 0.83 and a quick ratio of 0.82.

Union Bankshares (NASDAQ:UNB) last released its 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%.

Institutional Investors Weigh In On Union Bankshares

A number of institutional investors have recently modified their holdings of UNB. Bank of America Corp DE grew its position in shares of Union Bankshares by 24.0% during the 4th 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 last quarter. Alpine Global Management LLC bought a new stake in shares of Union Bankshares during the 4th quarter valued at about $269,000. 683 Capital Management LLC bought a new stake in shares of Union Bankshares during the 4th quarter valued at about $304,000. Renaissance Technologies LLC grew 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 during the last quarter. Finally, Northern Trust Corp grew its position in shares of Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock valued at $893,000 after buying an additional 4,436 shares during the last quarter. 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.