Union Bankshares (NASDAQ:UNB) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Union Bankshares (NASDAQ:UNB) in a report issued on Thursday. The firm set a “hold” rating on the bank’s stock.

Union Bankshares Price Performance

Shares of UNB opened at $30.50 on Thursday. Union Bankshares has a 12-month low of $20.07 and a 12-month high of $32.00. The business’s fifty day moving average is $30.26 and its 200 day moving average is $28.28. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a market cap of $137.86 million, a P/E ratio of 12.20 and a beta of 0.86.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings results on Wednesday, January 17th. The bank reported $0.68 EPS for the quarter. Union Bankshares had a return on equity of 19.09% and a net margin of 16.74%.

Institutional Investors Weigh In On Union Bankshares

Several large investors have recently made changes to their positions in the business. Northern Trust Corp increased its position in shares of Union Bankshares by 19.2% during the 4th quarter. Northern Trust Corp now owns 27,710 shares of the bank’s stock valued at $849,000 after purchasing an additional 4,461 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Union Bankshares during the 4th quarter worth $241,000. Vanguard Group Inc. grew its stake in shares of Union Bankshares by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 144,433 shares of the bank’s stock worth $3,101,000 after acquiring an additional 5,449 shares during the period. LPL Financial LLC grew its stake in shares of Union Bankshares by 3.3% during the 3rd quarter. LPL Financial LLC now owns 27,209 shares of the bank’s stock worth $584,000 after acquiring an additional 874 shares during the period. Finally, FMR LLC grew its stake in shares of Union Bankshares by 48.3% during the 3rd quarter. FMR LLC now owns 45,659 shares of the bank’s stock worth $1,023,000 after acquiring an additional 14,861 shares during the period. 14.84% of the stock is owned by hedge funds and other 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.