Union Bankshares (NASDAQ:UNB) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Union Bankshares (NASDAQ:UNB) to a hold rating in a research report report published on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Union Bankshares in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Union Bankshares Stock Down 0.1%

Shares of NASDAQ UNB opened at $24.78 on Friday. The stock has a fifty day moving average price of $23.37 and a 200 day moving average price of $25.05. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. Union Bankshares has a 12-month low of $20.65 and a 12-month high of $36.00. The company has a market cap of $113.54 million, a P/E ratio of 9.91 and a beta of 0.39.

Union Bankshares (NASDAQ:UNB) last issued its earnings results on Friday, November 7th. The bank reported $0.75 earnings per share for the quarter. Union Bankshares had a return on equity of 15.88% and a net margin of 13.16%.The company had revenue of $14.51 million during the quarter.

Institutional Investors Weigh In On Union Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Union Bankshares by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock valued at $4,583,000 after purchasing an additional 529 shares in the last quarter. Bank of America Corp DE raised its holdings in Union Bankshares by 30.1% in the second quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock valued at $156,000 after acquiring an additional 1,355 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Union Bankshares by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock valued at $1,015,000 after acquiring an additional 1,707 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Union Bankshares by 34,520.0% during the 2nd 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, Cardinal Capital Management grew its holdings in Union Bankshares by 2.1% during the 2nd quarter. Cardinal Capital Management now owns 84,511 shares of the bank’s stock worth $2,250,000 after acquiring an additional 1,773 shares in the last quarter. 14.84% of the stock is currently owned by hedge funds and other institutional investors.

Union Bankshares Company Profile

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.