Union Bankshares (NASDAQ:UNB) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Union Bankshares (NASDAQ:UNB) from a sell rating to a hold rating in a research report report published on Friday morning, ValuEngine reports.

Separately, TheStreet downgraded shares of Union Bankshares from a b- rating to a c+ rating in a report on Tuesday, May 21st.

Union Bankshares stock opened at $28.60 on Friday. The company’s 50-day moving average price is $33.47 and its 200-day moving average price is $39.19. Union Bankshares has a twelve month low of $27.36 and a twelve month high of $54.00. The company has a market cap of $122.24 million, a PE ratio of 11.90 and a beta of 0.43.



Union Bankshares (NASDAQ:UNB) last posted its earnings results on Wednesday, July 17th. The bank reported $0.56 earnings per share for the quarter. Union Bankshares had a net margin of 15.90% and a return on equity of 15.59%.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Monday, July 29th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.24 annualized dividend and a yield of 4.34%.

Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its holdings in Union Bankshares by 5,500.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 840 shares of the bank’s stock valued at $38,000 after purchasing an additional 825 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Union Bankshares during the 1st quarter valued at about $439,000. Geode Capital Management LLC grew its holdings in Union Bankshares by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 43,745 shares of the bank’s stock valued at $2,088,000 after purchasing an additional 1,783 shares during the last quarter. BlackRock Inc. grew its holdings in Union Bankshares by 1.5% during the 2nd quarter. BlackRock Inc. now owns 180,527 shares of the bank’s stock valued at $6,680,000 after purchasing an additional 2,640 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Union Bankshares by 1.9% during the 2nd quarter. Northern Trust Corp now owns 45,388 shares of the bank’s stock valued at $1,680,000 after purchasing an additional 864 shares during the last quarter. Institutional investors own 16.05% 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 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.

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