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

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

Union Bankshares Stock Performance

UNB stock opened at $27.45 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $30.07 and its two-hundred day simple moving average is $28.79. Union Bankshares has a twelve month low of $20.07 and a twelve month high of $32.00. The firm has a market cap of $124.07 million, a price-to-earnings ratio of 10.98 and a beta of 0.86.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Wednesday, January 17th. The bank reported $0.68 earnings per share for the quarter. Union Bankshares had a return on equity of 19.09% and a net margin of 16.74%.

Hedge Funds Weigh In On Union Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Union Bankshares by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 144,433 shares of the bank’s stock worth $3,101,000 after buying an additional 5,449 shares in the last quarter. FMR LLC boosted its position in Union Bankshares by 48.3% during the third quarter. FMR LLC now owns 45,659 shares of the bank’s stock valued at $1,023,000 after purchasing an additional 14,861 shares in the last quarter. Cardinal Capital Management boosted its position in Union Bankshares by 4.3% during the third quarter. Cardinal Capital Management now owns 42,704 shares of the bank’s stock valued at $957,000 after purchasing an additional 1,754 shares in the last quarter. Northern Trust Corp boosted its position in Union Bankshares by 19.2% during the fourth quarter. Northern Trust Corp now owns 27,710 shares of the bank’s stock valued at $849,000 after purchasing an additional 4,461 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Union Bankshares by 3.3% during the third quarter. LPL Financial LLC now owns 27,209 shares of the bank’s stock valued at $584,000 after purchasing an additional 874 shares in the last quarter. 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.