Wall Street Zen Upgrades Union Bankshares (NASDAQ:UNB) to “Hold”

Union Bankshares (NASDAQ:UNB) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Union Bankshares in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Union Bankshares Price Performance

Shares of Union Bankshares stock opened at $24.78 on Friday. The firm has a market capitalization of $113.49 million, a PE ratio of 9.91 and a beta of 0.39. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. Union Bankshares has a 12 month low of $20.65 and a 12 month high of $36.00. The business’s 50-day moving average price is $23.37 and its 200-day moving average price is $25.07.

Union Bankshares (NASDAQ:UNB) last released its quarterly earnings data on Friday, November 7th. The bank reported $0.75 EPS for the quarter. Union Bankshares had a return on equity of 15.88% and a net margin of 13.16%.The firm had revenue of $14.51 million for the quarter.

Institutional Trading of Union Bankshares

Several large investors have recently bought and sold shares of UNB. Vanguard Group Inc. grew its holdings in shares of Union Bankshares by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock worth $4,583,000 after acquiring an additional 529 shares during the period. Bank of America Corp DE boosted its position in shares of Union Bankshares by 30.1% during the second quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock valued at $156,000 after purchasing an additional 1,355 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Union Bankshares by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock worth $1,015,000 after purchasing an additional 1,707 shares during the period. JPMorgan Chase & Co. grew its stake in Union Bankshares by 34,520.0% in the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock worth $46,000 after purchasing an additional 1,726 shares during the period. Finally, Cardinal Capital Management raised its holdings in Union Bankshares by 2.1% in the second quarter. Cardinal Capital Management now owns 84,511 shares of the bank’s stock worth $2,250,000 after purchasing an additional 1,773 shares in the last quarter. 14.84% of the stock is owned by institutional investors.

About Union Bankshares

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.