Union Bankshares (NASDAQ:UNB) Downgraded to “Sell” Rating by StockNews.com

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

Union Bankshares Stock Down 0.9 %

Shares of NASDAQ UNB opened at $34.40 on Thursday. The firm has a fifty day simple moving average of $28.70 and a two-hundred day simple moving average of $25.54. The firm has a market capitalization of $155.49 million, a PE ratio of 17.64 and a beta of 0.74. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Union Bankshares has a 12 month low of $21.00 and a 12 month high of $35.10.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.29 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Saturday, October 26th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, October 25th. Union Bankshares’s dividend payout ratio (DPR) is 73.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UNB. Community Financial Services Group LLC purchased a new position in shares of Union Bankshares during the 3rd quarter valued at approximately $220,000. Renaissance Technologies LLC raised its position in Union Bankshares by 7.7% during the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after acquiring an additional 1,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Union Bankshares by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after purchasing an additional 2,914 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Union Bankshares by 3.0% in the third quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,188 shares during the period. Finally, Cardinal Capital Management increased its stake in shares of Union Bankshares by 17.4% during the second quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock worth $1,388,000 after purchasing an additional 9,568 shares in the last quarter. Institutional investors 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.