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

Union Bankshares (NASDAQ:UNB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Union Bankshares Stock Down 1.1 %

Shares of NASDAQ:UNB traded down $0.32 during trading on Monday, hitting $29.20. The company’s stock had a trading volume of 8,026 shares, compared to its average volume of 7,604. The company has a market capitalization of $132.13 million, a PE ratio of 14.97 and a beta of 0.80. Union Bankshares has a fifty-two week low of $21.00 and a fifty-two week 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. The stock’s 50-day moving average price is $31.56 and its two-hundred day moving average price is $27.44.

Union Bankshares (NASDAQ:UNB) last announced its earnings results on Wednesday, October 16th. The bank reported $0.29 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.

Institutional Trading of Union Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of UNB. Community Financial Services Group LLC bought a new position in shares of Union Bankshares in the 3rd quarter worth about $220,000. Renaissance Technologies LLC raised its stake in 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 lifted its holdings in Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after acquiring an additional 2,914 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 1,188 shares during the period. Finally, Cardinal Capital Management grew its holdings 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 purchasing an additional 9,784 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.