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

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

Union Bankshares Price Performance

Union Bankshares stock opened at $25.85 on Tuesday. Union Bankshares has a 52-week low of $20.07 and a 52-week high of $32.00. The firm has a market capitalization of $116.84 million, a P/E ratio of 10.34 and a beta of 0.91. 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 firm has a fifty day moving average of $29.17 and a 200-day moving average of $29.21.

Hedge Funds Weigh In On Union Bankshares

A hedge fund recently raised its stake in Union Bankshares stock. Cardinal Capital Management raised its stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,061 shares of the bank’s stock after acquiring an additional 12,690 shares during the quarter. Cardinal Capital Management owned approximately 1.22% of Union Bankshares worth $1,679,000 at the end of the most recent quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

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.