Union Bankshares (NASDAQ:UNB) Stock Rating Upgraded by StockNews.com

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

Union Bankshares Stock Performance

Union Bankshares stock traded down $0.09 during midday trading on Tuesday, hitting $28.90. The stock had a trading volume of 4,133 shares, compared to its average volume of 6,766. The firm’s fifty day moving average is $30.45 and its two-hundred day moving average is $29.65. The company has a market capitalization of $130.77 million, a PE ratio of 14.90 and a beta of 0.80. Union Bankshares has a 52-week low of $21.00 and a 52-week 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 released its earnings results 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 hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Global Management LLC bought a new position in shares of Union Bankshares during the 4th quarter valued at approximately $269,000. Bank of America Corp DE boosted its position in shares of Union Bankshares by 24.0% during the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank’s stock valued at $122,000 after acquiring an additional 819 shares during the last quarter. 683 Capital Management LLC bought a new position in shares of Union Bankshares during the 4th quarter valued at approximately $304,000. Northern Trust Corp boosted its position in shares of Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock valued at $893,000 after acquiring an additional 4,436 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 1,474 shares during the last quarter. 14.84% of the stock is currently 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.