StockNews.com Upgrades Union Bankshares (NASDAQ:UNB) to Hold

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

Union Bankshares Stock Performance

Shares of NASDAQ:UNB opened at $28.60 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $31.45 and a 200-day moving average price of $26.84. The company has a market cap of $129.42 million, a price-to-earnings ratio of 14.67 and a beta of 0.78. Union Bankshares has a 12 month low of $21.00 and a 12 month high of $37.70.

Union Bankshares (NASDAQ:UNB) last announced its 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 firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Saturday, October 26th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, October 25th. Union Bankshares’s dividend payout ratio is presently 73.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Community Financial Services Group LLC bought a new stake in shares of Union Bankshares during the 3rd quarter worth approximately $220,000. Renaissance Technologies LLC boosted 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 valued at $301,000 after acquiring an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 purchasing an additional 2,914 shares during the last quarter. Cardinal Capital Management lifted 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 last quarter. Finally, Geode Capital Management LLC grew its position in shares of Union Bankshares by 3.0% in 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.

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.