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 research report issued to clients and investors on Thursday.
Union Bankshares Trading Up 3.9 %
NASDAQ UNB traded up $1.08 during mid-day trading on Thursday, reaching $28.54. 1,638 shares of the stock were exchanged, compared to its average volume of 7,227. The stock has a market capitalization of $129.52 million, a PE ratio of 14.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. Union Bankshares has a 1-year low of $21.00 and a 1-year high of $37.70. The business's fifty day simple moving average is $30.65 and its 200 day simple moving average is $30.15.
Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The bank reported $0.67 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.
Institutional Investors Weigh In On Union Bankshares
Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of Union Bankshares by 24.0% in the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock valued at $122,000 after purchasing an additional 819 shares during the last quarter. Alpine Global Management LLC acquired a new position in Union Bankshares in the fourth quarter valued at $269,000. 683 Capital Management LLC acquired a new position in shares of Union Bankshares during the 4th quarter valued at $304,000. Renaissance Technologies LLC boosted its position in Union Bankshares by 13.2% during the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock worth $541,000 after purchasing an additional 2,176 shares during the period. Finally, Northern Trust Corp increased its holdings in Union Bankshares by 16.8% in the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock valued at $893,000 after purchasing an additional 4,436 shares in the last quarter. 14.84% of the stock is currently owned by hedge funds and other institutional investors.
About Union Bankshares
(
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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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