Union Bankshares (NASDAQ:UNB) Cut to Sell at StockNews.com

StockNews.com cut shares of Union Bankshares (NASDAQ:UNB) from a hold rating to a sell rating in a research report sent to investors on Monday.

Union Bankshares Stock Performance

UNB opened at $29.55 on Monday. The company has a market cap of $133.57 million, a price-to-earnings ratio of 15.15 and a beta of 0.80. The company’s fifty day moving average price is $31.58 and its two-hundred day moving average price is $27.56. Union Bankshares has a 1-year low of $21.00 and a 1-year high of $37.70. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share 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

Several institutional investors have recently bought and sold shares of UNB. Geode Capital Management LLC boosted its holdings in Union Bankshares by 3.0% during the 3rd 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. Community Financial Services Group LLC purchased a new position in Union Bankshares during the third quarter worth about $220,000. Renaissance Technologies LLC grew its position in 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 purchasing an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 buying an additional 2,914 shares during the last quarter. Finally, Cardinal Capital Management lifted 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 worth $1,930,000 after buying an additional 9,784 shares in the last quarter. 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.