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

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

Union Bankshares Stock Performance

Union Bankshares stock traded down $1.82 during midday trading on Thursday, hitting $28.30. The stock had a trading volume of 8,488 shares, compared to its average volume of 7,211. 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 has a 52-week low of $21.00 and a 52-week high of $37.70. The company has a market capitalization of $128.45 million, a PE ratio of 14.59 and a beta of 0.80. The firm’s fifty day moving average is $30.77 and its two-hundred day moving average is $30.08.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $0.67 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Union Bankshares by 3.0% during the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after buying an additional 1,188 shares during the last quarter. Cardinal Capital Management increased its holdings in Union Bankshares by 2.2% in the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank’s stock valued at $2,200,000 after acquiring an additional 1,674 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Union Bankshares by 13.2% in the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank’s stock worth $541,000 after purchasing an additional 2,176 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Union Bankshares by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank’s stock valued at $1,020,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Union Bankshares during the 4th quarter valued at about $269,000. 14.84% of the stock is owned by hedge funds and other institutional investors.

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.