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

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

Union Bankshares Price Performance

Shares of NASDAQ UNB opened at $28.40 on Wednesday. The firm has a market cap of $128.51 million, a P/E ratio of 14.56 and a beta of 0.78. The business’s 50 day moving average is $31.42 and its 200-day moving average is $26.83. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Union Bankshares has a 1-year low of $21.00 and a 1-year high of $37.70.

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

Hedge Funds Weigh In On Union Bankshares

A number of hedge funds have recently added to or reduced their stakes in the stock. Cardinal Capital Management lifted its position in shares of Union Bankshares by 15.1% during the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock valued at $1,930,000 after acquiring an additional 9,784 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 valued at $1,050,000 after purchasing an additional 1,188 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Union Bankshares by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after purchasing an additional 2,914 shares during the period. Renaissance Technologies LLC grew its stake in Union Bankshares by 7.7% during the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after buying an additional 1,000 shares in the last quarter. Finally, Community Financial Services Group LLC bought a new position in Union Bankshares in the 3rd quarter valued at about $220,000. Institutional investors own 14.84% of the company’s stock.

Union Bankshares Company Profile

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.