Union Bankshares (NASDAQ:UNB) Rating Increased to Hold at StockNews.com

Union Bankshares (NASDAQ:UNB) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Union Bankshares Price Performance

NASDAQ UNB opened at $30.92 on Tuesday. The stock has a 50-day moving average of $31.59 and a 200 day moving average of $27.87. Union Bankshares has a one year low of $21.00 and a one year high of $37.70. The company has a market capitalization of $139.76 million, a price-to-earnings ratio of 15.94 and a beta of 0.80. 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 posted 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%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position 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 last quarter. Geode Capital Management LLC increased 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 acquiring an additional 1,188 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 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 third quarter valued at $220,000. Finally, Cardinal Capital Management raised its position in Union Bankshares by 15.1% in the 3rd quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock worth $1,930,000 after purchasing an additional 9,784 shares during the period. Hedge funds and other 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.