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

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

Union Bankshares Stock Performance

Shares of UNB stock opened at $30.92 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $139.76 million, a price-to-earnings ratio of 15.94 and a beta of 0.80. The firm’s 50-day simple moving average is $31.59 and its two-hundred day simple moving average is $27.87. 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, January 15th. The bank reported $0.67 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.

Hedge Funds Weigh In On Union Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Community Financial Services Group LLC purchased a new position in Union Bankshares in the third quarter worth $220,000. Renaissance Technologies LLC lifted its holdings in Union Bankshares by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after buying an additional 1,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after acquiring an additional 2,914 shares during the period. Geode Capital Management LLC raised its stake in 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 buying an additional 1,188 shares in the last quarter. Finally, Cardinal Capital Management lifted its stake 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 valued at $1,930,000 after purchasing an additional 9,784 shares during the period. 14.84% of the stock is currently 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.