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 issued on Tuesday.

Union Bankshares Price Performance

NASDAQ:UNB opened at $32.12 on Tuesday. The firm’s fifty day moving average is $31.59 and its two-hundred day moving average is $27.87. The firm has a market cap of $145.18 million, a price-to-earnings ratio of 16.56 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 company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.

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 return on equity of 13.09% and a net margin of 11.74%.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Saturday, January 25th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.44 dividend on an annualized basis and a yield of 4.48%. Union Bankshares’s dividend payout ratio is currently 74.23%.

Institutional Trading of Union Bankshares

Several large investors have recently made changes to their positions in UNB. Renaissance Technologies LLC increased its stake 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 worth $301,000 after acquiring an additional 1,000 shares during the last quarter. Geode Capital Management LLC raised 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 boosted its holdings in 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 during the last quarter. Community Financial Services Group LLC purchased a new stake in shares of Union Bankshares in the 3rd quarter valued at approximately $220,000. Finally, Cardinal Capital Management raised its position in shares of Union Bankshares by 15.1% during the 3rd 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. 14.84% of the stock is currently owned by hedge funds and other 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.