Union Bankshares (NASDAQ:UNB) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Union Bankshares (NASDAQ:UNB) in a research note issued on Monday. The brokerage set a “hold” rating on the bank’s stock.

Union Bankshares Trading Down 6.8 %

UNB opened at $26.20 on Monday. Union Bankshares has a 12 month low of $20.07 and a 12 month high of $32.00. The stock has a market capitalization of $118.42 million, a price-to-earnings ratio of 10.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.80. The business has a fifty day moving average price of $29.51 and a 200 day moving average price of $29.19.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Union Bankshares stock. Cardinal Capital Management increased its position in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,061 shares of the bank’s stock after buying an additional 12,690 shares during the quarter. Cardinal Capital Management owned about 1.22% of Union Bankshares worth $1,679,000 as of its most recent SEC filing. 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.