StockNews.com Downgrades Union Bankshares (NASDAQ:UNB) to Sell

Union Bankshares (NASDAQ:UNB) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Union Bankshares Trading Up 3.1 %

Shares of UNB stock traded up $1.06 on Thursday, hitting $34.72. The stock had a trading volume of 13,516 shares, compared to its average volume of 5,504. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $156.93 million, a P/E ratio of 17.81 and a beta of 0.74. Union Bankshares has a 1 year low of $21.00 and a 1 year high of $34.79. The company’s 50 day moving average price is $28.42 and its 200-day moving average price is $25.41.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Community Financial Services Group LLC acquired a new position in shares of Union Bankshares during the 3rd quarter worth about $220,000. Renaissance Technologies LLC boosted its position in shares of Union Bankshares by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after acquiring an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Union Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after acquiring an additional 2,914 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Union Bankshares by 3.0% during 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 in the last quarter. Finally, Cardinal Capital Management boosted its position in shares of Union Bankshares by 17.4% during the 2nd quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock worth $1,388,000 after acquiring an additional 9,568 shares in the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

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.