StockNews.com Upgrades Union Bankshares (NASDAQ:UNB) to "Hold"

Union Bankshares (NASDAQ:UNB - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

Union Bankshares Price Performance

Shares of Union Bankshares stock traded up $0.09 on Tuesday, hitting $31.49. 18,960 shares of the company were exchanged, compared to its average volume of 6,942. 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 company has a 50-day moving average price of $30.54 and a 200 day moving average price of $29.72. The stock has a market capitalization of $142.49 million, a price-to-earnings ratio of 16.23 and a beta of 0.80. 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 released its quarterly earnings data on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.

Institutional Trading of Union Bankshares

Several hedge funds have recently made changes to their positions in the company. Alpine Global Management LLC acquired a new position in Union Bankshares in the fourth quarter valued at approximately $269,000. Bank of America Corp DE lifted its stake 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. 683 Capital Management LLC purchased a new position in shares of Union Bankshares during the 4th quarter worth $304,000. Northern Trust Corp increased its position in shares of Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock worth $893,000 after purchasing an additional 4,436 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Union Bankshares by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock valued at $1,020,000 after buying an additional 1,474 shares during the period. Hedge funds and other institutional investors own 14.84% of the company's stock.

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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.