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

StockNews.com lowered shares of Union Bankshares (NASDAQ:UNB) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Union Bankshares Stock Up 1.5 %

Shares of NASDAQ UNB opened at $29.55 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $133.57 million, a PE ratio of 15.15 and a beta of 0.80. Union Bankshares has a one year low of $21.00 and a one year high of $37.70. The business’s fifty day moving average price is $31.58 and its 200-day moving average price is $27.56.

Union Bankshares (NASDAQ:UNB) last released 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 13.14%.

Institutional Investors Weigh In On Union Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of UNB. Geode Capital Management LLC grew its position in shares of Union Bankshares by 3.0% in the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,188 shares in the last quarter. Community Financial Services Group LLC purchased a new position in Union Bankshares during the 3rd quarter valued at about $220,000. Cardinal Capital Management increased its position 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 valued at $1,930,000 after buying an additional 9,784 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Union Bankshares by 7.7% in the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after buying an additional 1,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after acquiring an additional 2,914 shares during the period. Institutional investors own 14.84% of the company’s stock.

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.