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

Union Bankshares (NASDAQ:UNB - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Monday.

Union Bankshares Price Performance

Shares of Union Bankshares stock traded down $0.32 during trading on Monday, hitting $29.20. 8,026 shares of the company were exchanged, compared to its average volume of 7,604. Union Bankshares has a fifty-two week low of $21.00 and a fifty-two week high of $37.70. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $31.56 and a 200 day moving average price of $27.44. The stock has a market capitalization of $132.13 million, a price-to-earnings ratio of 14.97 and a beta of 0.80.

Union Bankshares (NASDAQ:UNB - Get Free Report) last announced its earnings results 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%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Cardinal Capital Management boosted its position in shares of Union Bankshares by 15.1% in the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank's stock worth $1,930,000 after buying an additional 9,784 shares during the period. Geode Capital Management LLC lifted its position in Union Bankshares by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank's stock worth $1,050,000 after acquiring an additional 1,188 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 2,914 shares in the last quarter. Renaissance Technologies LLC boosted 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 worth $301,000 after acquiring an additional 1,000 shares during the period. Finally, Community Financial Services Group LLC acquired a new stake in Union Bankshares in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 14.84% of the company's stock.

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.

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