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

StockNews.com upgraded shares of Union Bankshares (NASDAQ:UNB - Free Report) from a sell rating to a hold rating in a report issued on Tuesday.

Union Bankshares Stock Up 0.4 %

UNB stock opened at $30.00 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $31.60 and a 200-day simple moving average of $27.79. The company has a market capitalization of $135.75 million, a P/E ratio of 15.38 and a beta of 0.80. Union Bankshares has a twelve month low of $21.00 and a twelve month high of $37.70.

Union Bankshares (NASDAQ:UNB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Saturday, January 25th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, January 24th. Union Bankshares's dividend payout ratio (DPR) is presently 74.23%.

Institutional Investors Weigh In On Union Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Union Bankshares by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank's stock worth $1,050,000 after purchasing an additional 1,188 shares during the last quarter. Community Financial Services Group LLC bought a new position in Union Bankshares during the third quarter valued at about $220,000. Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank's stock valued at $664,000 after buying an additional 2,914 shares in the last quarter. Finally, Cardinal Capital Management raised its position in shares of Union Bankshares by 15.1% during the third quarter. Cardinal Capital Management now owns 74,413 shares of the bank's stock worth $1,930,000 after purchasing an additional 9,784 shares during the period. Institutional investors and hedge funds 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.