Union Bankshares (NASDAQ:UNB) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Union Bankshares (NASDAQ:UNB) from a sell rating to a hold rating in a report released on Tuesday morning.

Union Bankshares Trading Up 1.3 %

UNB stock opened at $30.39 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Union Bankshares has a twelve month low of $21.00 and a twelve month high of $37.70. The stock has a market capitalization of $137.36 million, a price-to-earnings ratio of 15.66 and a beta of 0.80. The firm’s fifty day simple moving average is $31.59 and its two-hundred day simple moving average is $27.85.

Union Bankshares (NASDAQ:UNB) last posted 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 13.09%.

Union Bankshares Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, January 24th. Union Bankshares’s payout ratio is presently 74.23%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings 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 grew its holdings in Union Bankshares by 7.7% during 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 in the last quarter. Cardinal Capital Management grew 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 acquiring an additional 9,784 shares in the last quarter. Community Financial Services Group LLC bought a new position in Union Bankshares during the 3rd quarter worth about $220,000. Finally, Geode Capital Management LLC grew its holdings 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. 14.84% of the stock is currently owned by institutional investors.

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.