Union Bankshares (NASDAQ:UNB) Upgraded at StockNews.com

StockNews.com upgraded shares of Union Bankshares (NASDAQ:UNB) from a sell rating to a hold rating in a report published on Tuesday morning.

Union Bankshares Stock Performance

Shares of Union Bankshares stock opened at $30.39 on Tuesday. The firm has a market capitalization of $137.36 million, a P/E ratio of 15.66 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $31.59 and a 200 day moving average price of $27.85. Union Bankshares has a 52 week low of $21.00 and a 52 week high of $37.70.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $0.67 EPS for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Saturday, January 25th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, January 24th. Union Bankshares’s payout ratio is currently 74.23%.

Hedge Funds Weigh In On Union Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in 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 buying an additional 2,914 shares during the last quarter. Renaissance Technologies LLC raised its position 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 buying an additional 1,000 shares during the last quarter. Cardinal Capital Management raised its position in Union Bankshares by 15.1% during the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock worth $1,930,000 after buying an additional 9,784 shares during the last quarter. Community Financial Services Group LLC purchased a new position in Union Bankshares during the 3rd quarter worth approximately $220,000. Finally, Geode Capital Management LLC raised its position in 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 buying an additional 1,188 shares during the last quarter. 14.84% of the stock is owned by hedge funds and other institutional investors.

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.