StockNews.com Begins Coverage on Union Bankshares (NASDAQ:UNB)

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

Union Bankshares Stock Performance

UNB opened at $27.60 on Friday. The business has a fifty day simple moving average of $29.87 and a 200 day simple moving average of $29.03. The company has a market capitalization of $124.75 million, a PE ratio of 11.04 and a beta of 0.86. Union Bankshares has a 1 year low of $20.07 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.80.

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

Institutional Trading of Union Bankshares

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of Union Bankshares by 617.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,205 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,037 shares during the period. Bank of America Corp DE lifted its position in shares of Union Bankshares by 244.4% during the 1st quarter. Bank of America Corp DE now owns 3,465 shares of the bank’s stock valued at $77,000 after acquiring an additional 2,459 shares during the period. Money Concepts Capital Corp bought a new stake in shares of Union Bankshares during the 4th quarter valued at $183,000. Millennium Management LLC lifted its position in shares of Union Bankshares by 8.5% during the 2nd quarter. Millennium Management LLC now owns 7,763 shares of the bank’s stock valued at $203,000 after acquiring an additional 610 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Union Bankshares during the 4th quarter valued at $241,000. 14.84% of the stock is currently owned by institutional investors.

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.