Union Bankshares (NASDAQ:UNB) Raised to “Hold” at Wall Street Zen

Union Bankshares (NASDAQ:UNB) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Union Bankshares Stock Performance

UNB opened at $24.80 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.79. Union Bankshares has a fifty-two week low of $20.65 and a fifty-two week high of $28.29. The firm has a market capitalization of $114.33 million, a PE ratio of 9.50 and a beta of 0.28. The company’s 50-day moving average is $24.18 and its 200 day moving average is $24.21.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings data on Wednesday, July 15th. The bank reported $0.61 EPS for the quarter. The firm had revenue of $11.95 million during the quarter. Union Bankshares had a return on equity of 15.20% and a net margin of 13.50%.

Institutional Investors Weigh In On Union Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in UNB. Goldman Sachs Group Inc. bought a new position in shares of Union Bankshares during the 1st quarter worth approximately $214,000. Jane Street Group LLC bought a new position in shares of Union Bankshares in the first quarter valued at approximately $401,000. Geode Capital Management LLC increased its position in shares of Union Bankshares by 105.4% during the second quarter. Geode Capital Management LLC now owns 86,310 shares of the bank’s stock valued at $2,298,000 after acquiring an additional 44,298 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Union Bankshares by 34,520.0% during the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,726 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Union Bankshares during the second quarter worth $104,000. Hedge funds and other institutional investors own 14.84% of the company’s stock.

About Union Bankshares

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.