Union Bankshares (NASDAQ:UNB) Upgraded to “Hold” at StockNews.com

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

Union Bankshares Price Performance

Shares of Union Bankshares stock opened at $27.90 on Wednesday. The company has a market capitalization of $126.25 million, a price-to-earnings ratio of 14.31 and a beta of 0.78. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $31.39 and its 200-day simple moving average is $26.82. Union Bankshares has a 52 week low of $21.00 and a 52 week high of $37.70.

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

Institutional Investors Weigh In On Union Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Community Financial Services Group LLC bought a new position in shares of Union Bankshares during the third quarter valued at approximately $220,000. Renaissance Technologies LLC increased its stake in Union Bankshares by 7.7% in the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after purchasing an additional 1,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Union Bankshares by 10.4% during 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. Geode Capital Management LLC grew its holdings 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 worth $1,050,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Cardinal Capital Management increased its stake 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 buying an additional 9,784 shares during the period. Hedge funds and other institutional investors 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.