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

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

Union Bankshares Price Performance

NASDAQ:UNB opened at $29.12 on Monday. Union Bankshares has a one year low of $21.00 and a one year high of $37.70. The stock has a market cap of $131.77 million, a PE ratio of 14.93 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. The stock has a 50 day moving average price of $31.57 and a 200 day moving average price of $27.49.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.29 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 institutional investors have recently made changes to their positions in UNB. Community Financial Services Group LLC purchased a new position in Union Bankshares in the third quarter worth approximately $220,000. Renaissance Technologies LLC increased its position in shares of Union Bankshares by 7.7% during 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 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 worth $664,000 after purchasing an additional 2,914 shares during the last quarter. Geode Capital Management LLC raised its holdings in Union Bankshares by 3.0% in the 3rd 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 period. Finally, Cardinal Capital Management lifted its position in Union Bankshares by 15.1% in the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank’s stock valued at $1,930,000 after buying an additional 9,784 shares during the last quarter. Hedge funds and other institutional investors own 14.84% of the company’s stock.

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.