Union Bankshares (NASDAQ:UNB) Now Covered by StockNews.com

StockNews.com started coverage on shares of Union Bankshares (NASDAQ:UNB) in a report released on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Union Bankshares Price Performance

Shares of UNB stock opened at $25.36 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market cap of $114.60 million, a P/E ratio of 10.14 and a beta of 0.91. Union Bankshares has a 1-year low of $20.07 and a 1-year high of $32.00. The firm has a fifty day moving average of $28.96 and a two-hundred day moving average of $29.19.

Hedge Funds Weigh In On Union Bankshares

An institutional investor recently bought a new position in Union Bankshares stock. Community Financial Services Group LLC acquired a new position in Union Bankshares, Inc. (NASDAQ:UNB) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,480 shares of the bank’s stock, valued at approximately $259,000. Community Financial Services Group LLC owned approximately 0.19% of Union Bankshares as of its most recent filing with the SEC. Hedge funds and other 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.