Union Bankshares (NASDAQ:UNB) Coverage Initiated at StockNews.com

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

Union Bankshares Trading Up 0.7 %

NASDAQ UNB opened at $23.75 on Thursday. Union Bankshares has a 52 week low of $20.07 and a 52 week high of $32.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average price is $27.57 and its two-hundred day moving average price is $29.06. The stock has a market capitalization of $107.35 million, a price-to-earnings ratio of 10.02 and a beta of 0.91.

Institutional Investors Weigh In On Union Bankshares

A hedge fund recently bought a new stake in Union Bankshares stock. Community Financial Services Group LLC purchased a new stake in Union Bankshares, Inc. (NASDAQ:UNB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,480 shares of the bank’s stock, valued at approximately $259,000. Community Financial Services Group LLC owned 0.19% of Union Bankshares at the end of the most recent reporting period. Institutional investors and hedge funds own 14.84% of the company’s stock.

Union Bankshares Company Profile

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.