Union Bankshares (NASDAQ:UNB) Rating Lowered to Sell at StockNews.com

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

Union Bankshares Stock Down 0.9 %

UNB stock opened at $34.40 on Thursday. The firm has a market cap of $155.49 million, a PE ratio of 17.81 and a beta of 0.74. Union Bankshares has a one year low of $21.00 and a one year high of $35.10. 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’s 50 day moving average price is $28.56 and its 200-day moving average price is $25.48.

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

Institutional Investors Weigh In On Union Bankshares

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in 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. Geode Capital Management LLC increased its stake in Union Bankshares by 3.0% during the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock worth $1,050,000 after purchasing an additional 1,188 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 in the last quarter. Community Financial Services Group LLC purchased a new position in shares of Union Bankshares in the third quarter valued at approximately $220,000. Finally, Cardinal Capital Management grew its holdings in shares of Union Bankshares by 17.4% in the second quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock valued at $1,388,000 after purchasing an additional 9,568 shares in the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

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.