Union Bankshares (NASDAQ:UNB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Union Bankshares (NASDAQ:UNB) to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Union Bankshares in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Union Bankshares Price Performance

NASDAQ UNB opened at $24.78 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $113.49 million, a PE ratio of 9.91 and a beta of 0.39. The firm’s 50 day moving average price is $23.40 and its 200-day moving average price is $25.01. Union Bankshares has a 52-week low of $20.65 and a 52-week high of $36.00.

Union Bankshares (NASDAQ:UNB) last announced its earnings results on Friday, November 7th. The bank reported $0.75 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 15.88% and a net margin of 13.16%.The company had revenue of $14.51 million for the quarter.

Hedge Funds Weigh In On Union Bankshares

Several large investors have recently bought and sold shares of UNB. Vanguard Group Inc. grew its holdings in Union Bankshares by 0.3% in the third quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock valued at $4,583,000 after purchasing an additional 529 shares during the period. Cardinal Capital Management increased its position in Union Bankshares by 13.8% in the 3rd quarter. Cardinal Capital Management now owns 96,203 shares of the bank’s stock valued at $2,382,000 after acquiring an additional 11,692 shares during the period. Geode Capital Management LLC lifted its position in Union Bankshares by 105.4% in the second quarter. Geode Capital Management LLC now owns 86,310 shares of the bank’s stock worth $2,298,000 after purchasing an additional 44,298 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Union Bankshares by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock worth $1,015,000 after acquiring an additional 1,707 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new stake in shares of Union Bankshares in the third quarter valued at $370,000. Institutional investors and hedge funds own 14.84% of the company’s stock.

Union Bankshares Company Profile

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.