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

Union Bankshares (NASDAQ:UNB) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Union Bankshares Stock Performance

UNB stock opened at $34.00 on Tuesday. Union Bankshares has a 1 year low of $21.00 and a 1 year high of $37.70. The stock has a market capitalization of $153.68 million, a price-to-earnings ratio of 17.44 and a beta of 0.78. 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’s fifty day moving average is $30.21 and its two-hundred day moving average is $26.19.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.29 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Hedge Funds Weigh In On Union Bankshares

Large investors have recently bought and sold shares of the stock. 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 period. Renaissance Technologies LLC lifted its holdings in Union Bankshares by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after acquiring an additional 1,000 shares during the last quarter. Cardinal Capital Management boosted 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 valued at $1,930,000 after purchasing an additional 9,784 shares in the last quarter. Community Financial Services Group LLC acquired a new position in shares of Union Bankshares in the 3rd quarter worth approximately $220,000. Finally, Geode Capital Management LLC lifted 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 valued at $1,050,000 after purchasing an additional 1,188 shares during the last quarter. Institutional investors and hedge funds 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.