Union Bankshares (NASDAQ:UNB) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Union Bankshares (NASDAQ:UNB) from a hold rating to a sell rating in a report issued on Thursday morning.

Union Bankshares Trading Up 3.1 %

NASDAQ UNB opened at $34.72 on Thursday. The company has a market cap of $156.93 million, a PE ratio of 17.81 and a beta of 0.74. Union Bankshares has a 12 month low of $21.00 and a 12 month high of $34.79. The stock has a 50 day moving average of $28.42 and a 200-day moving average of $25.41. 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 announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.29 EPS for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Saturday, October 26th were given a dividend of $0.36 per share. The ex-dividend date was Friday, October 25th. This represents a $1.44 dividend on an annualized basis and a yield of 4.15%. Union Bankshares’s dividend payout ratio (DPR) is 73.85%.

Hedge Funds Weigh In On Union Bankshares

Large investors have recently modified their holdings of the stock. Community Financial Services Group LLC acquired a new position in Union Bankshares in the 3rd quarter valued at about $220,000. Renaissance Technologies LLC boosted its holdings in shares of Union Bankshares by 7.7% during the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after acquiring an additional 1,000 shares during the period. Dimensional Fund Advisors LP increased its stake 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 during the period. Geode Capital Management LLC increased its stake in shares of 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. Finally, Cardinal Capital Management lifted its holdings in 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 purchasing an additional 9,568 shares during the last quarter. 14.84% of the stock is owned by institutional investors.

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.