Union Bankshares (NASDAQ:UNB) Stock Rating Lowered by StockNews.com

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

Union Bankshares Trading Down 1.0 %

Shares of UNB stock opened at $28.03 on Thursday. The business has a 50-day moving average of $30.71 and a 200 day moving average of $30.09. 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 has a 1-year low of $21.00 and a 1-year high of $37.70. The stock has a market capitalization of $127.23 million, a PE ratio of 14.45 and a beta of 0.80.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings data 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in shares of Union Bankshares by 24.0% during the fourth quarter. Bank of America Corp DE now owns 4,225 shares of the bank’s stock valued at $122,000 after acquiring an additional 819 shares in the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 1,188 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Union Bankshares by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank’s stock worth $1,020,000 after purchasing an additional 1,474 shares during the period. Cardinal Capital Management boosted its stake in shares of Union Bankshares by 2.2% during the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank’s stock valued at $2,200,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 purchasing an additional 2,176 shares in the last quarter. 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.