Union Bankshares (NASDAQ:UNB) Stock Rating Upgraded by StockNews.com

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

Union Bankshares Stock Performance

NASDAQ:UNB traded down $0.09 during mid-day trading on Tuesday, reaching $28.90. The company’s stock had a trading volume of 4,133 shares, compared to its average volume of 6,766. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $37.70. The firm’s fifty day moving average price is $30.45 and its two-hundred day moving average price is $29.65. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market cap of $130.77 million, a P/E ratio of 14.90 and a beta of 0.80.

Union Bankshares (NASDAQ:UNB) last issued its earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share 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

A number of hedge funds have recently bought and sold shares of the business. 683 Capital Management LLC purchased a new stake in shares of Union Bankshares during the 4th quarter valued at about $304,000. Alpine Global Management LLC purchased a new stake in shares of Union Bankshares during the 4th quarter valued at about $269,000. Northern Trust Corp increased its position in shares of Union Bankshares by 16.8% during the 4th 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 last quarter. Renaissance Technologies LLC increased its position in shares of Union Bankshares by 13.2% during the 4th 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 during the last quarter. Finally, Cardinal Capital Management increased its position in shares of Union Bankshares by 2.2% during the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank’s stock valued at $2,200,000 after purchasing an additional 1,674 shares during the last quarter. Hedge funds and other 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.