Union Bankshares (NASDAQ:UNB - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report released on Tuesday.
Union Bankshares Stock Down 2.8 %
Shares of NASDAQ UNB traded down $0.99 during midday trading on Tuesday, hitting $34.90. The company's stock had a trading volume of 6,183 shares, compared to its average volume of 5,757. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $157.75 million, a price-to-earnings ratio of 18.18 and a beta of 0.78. The business's fifty day simple moving average is $29.88 and its two-hundred day simple moving average is $26.06. Union Bankshares has a 1 year low of $21.00 and a 1 year high of $37.70.
Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.29 EPS for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Cardinal Capital Management lifted its holdings in Union Bankshares by 15.1% during the 3rd 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 last quarter. Geode Capital Management LLC raised its position in shares of 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 stake in Union Bankshares by 10.4% during the second 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. Renaissance Technologies LLC lifted its stake in Union Bankshares by 7.7% during the second 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. Finally, Community Financial Services Group LLC acquired a new position 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
(
Get Free Report)
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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