Union Bankshares (NASDAQ:UNB) Now Covered by Analysts at StockNews.com

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

Union Bankshares Stock Performance

NASDAQ UNB opened at $28.11 on Monday. The company has a 50-day simple moving average of $29.65 and a two-hundred day simple moving average of $29.14. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.25. Union Bankshares has a 12-month low of $20.07 and a 12-month high of $32.00. The firm has a market cap of $127.03 million, a price-to-earnings ratio of 11.24 and a beta of 0.86.

Institutional Trading of Union Bankshares

An institutional investor recently raised its position in Union Bankshares stock. Cardinal Capital Management grew its position in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,061 shares of the bank’s stock after acquiring an additional 12,690 shares during the period. Cardinal Capital Management owned about 1.22% of Union Bankshares worth $1,679,000 as of its most recent SEC filing. Hedge funds and other 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.