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

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

Union Bankshares Stock Performance

UNB stock opened at $27.90 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. Union Bankshares has a 1-year low of $21.00 and a 1-year high of $37.70. The business has a 50-day moving average price of $31.39 and a 200 day moving average price of $26.82. The company has a market capitalization of $126.25 million, a P/E ratio of 14.31 and a beta of 0.78.

Union Bankshares (NASDAQ:UNB) last issued 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%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UNB. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 2,914 shares during the last quarter. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 1,000 shares during the period. Cardinal Capital Management raised its stake in shares of Union Bankshares by 15.1% in 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. Community Financial Services Group LLC acquired a new position in Union Bankshares during the third quarter worth $220,000. Finally, Geode Capital Management LLC grew its position in Union Bankshares by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after acquiring an additional 1,188 shares in the last quarter. Institutional investors and hedge funds 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.