Union Bankshares (NASDAQ:UNB) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Union Bankshares (NASDAQ:UNB) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Union Bankshares Trading Down 5.6 %

NASDAQ UNB opened at $28.90 on Friday. The company has a market capitalization of $130.63 million, a PE ratio of 14.90 and a beta of 0.81. Union Bankshares has a 1-year low of $21.00 and a 1-year high of $37.70. 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’s fifty day simple moving average is $30.86 and its 200-day simple moving average is $29.14.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings results 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%.

Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Saturday, January 25th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Friday, January 24th. Union Bankshares’s dividend payout ratio is 74.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. 683 Capital Management LLC acquired a new position in Union Bankshares during the fourth quarter worth $304,000. Alpine Global Management LLC bought a new stake in shares of Union Bankshares during the 4th quarter worth about $269,000. Northern Trust Corp increased its holdings 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 valued at $893,000 after acquiring an additional 4,436 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Union Bankshares by 13.2% in the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank’s stock valued at $541,000 after acquiring an additional 2,176 shares in the last quarter. Finally, Cardinal Capital Management lifted its holdings in Union Bankshares by 2.2% in the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank’s stock worth $2,200,000 after purchasing an additional 1,674 shares during the last quarter. Institutional investors 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.