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

StockNews.com upgraded shares of Union Bankshares (NASDAQ:UNB) from a sell rating to a hold rating in a research report report published on Saturday morning.

Union Bankshares Trading Down 5.6 %

Union Bankshares stock opened at $28.90 on Friday. Union Bankshares has a 52 week low of $21.00 and a 52 week high of $37.70. 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 capitalization of $130.63 million, a PE ratio of 14.90 and a beta of 0.81. The business’s 50-day simple moving average is $30.86 and its 200-day simple moving average is $29.14.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 EPS for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Saturday, January 25th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Friday, January 24th. Union Bankshares’s dividend payout ratio (DPR) is presently 74.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cardinal Capital Management grew its position in Union Bankshares by 2.2% during the fourth quarter. Cardinal Capital Management now owns 76,087 shares of the bank’s stock worth $2,200,000 after buying an additional 1,674 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Union Bankshares by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock worth $1,050,000 after acquiring an additional 1,188 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Union Bankshares by 4.4% during 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 in the last quarter. Northern Trust Corp increased its position in shares of Union Bankshares by 16.8% during the fourth quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock valued at $893,000 after purchasing an additional 4,436 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Union Bankshares by 13.2% in the fourth 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.