Union Bankshares (NASDAQ:UNB) Cut to “Sell” at StockNews.com

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

Union Bankshares Price Performance

UNB stock opened at $29.12 on Monday. The business’s fifty day moving average price is $31.57 and its 200 day moving average price is $27.49. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $37.70. The company has a market capitalization of $131.77 million, a PE ratio of 14.93 and a beta of 0.80. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

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

Institutional Trading of Union Bankshares

A number of large investors have recently modified their holdings of the stock. Community Financial Services Group LLC acquired a new stake in Union Bankshares in the third quarter valued at approximately $220,000. Renaissance Technologies LLC raised its holdings in shares of Union Bankshares by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after purchasing an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Union Bankshares by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after purchasing an additional 2,914 shares in the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 1,188 shares during the last quarter. Finally, Cardinal Capital Management grew its stake in shares of Union Bankshares by 15.1% during the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock worth $1,930,000 after purchasing an additional 9,784 shares in the last quarter. Hedge funds and other institutional investors 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.