Union Bankshares (NASDAQ:UNB) Raised to Hold at ValuEngine

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ValuEngine upgraded shares of Union Bankshares (NASDAQ:UNB) from a sell rating to a hold rating in a research report report published on Friday, ValuEngine reports.

Separately, TheStreet lowered Union Bankshares from a b- rating to a c+ rating in a report on Tuesday, May 21st.

UNB stock opened at $28.00 on Friday. The firm has a market capitalization of $122.24 million, a PE ratio of 11.90 and a beta of 0.43. Union Bankshares has a 1-year low of $27.36 and a 1-year high of $54.00. The business’s 50 day simple moving average is $33.95 and its 200 day simple moving average is $39.35.

Union Bankshares (NASDAQ:UNB) last posted its earnings results on Wednesday, July 17th. The bank reported $0.56 earnings per share for the quarter. Union Bankshares had a return on equity of 15.59% and a net margin of 15.90%.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Monday, July 29th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, July 26th.

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in Union Bankshares by 5,500.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 840 shares of the bank’s stock valued at $38,000 after purchasing an additional 825 shares during the period. Tower Research Capital LLC TRC bought a new stake in Union Bankshares in the 2nd quarter valued at $49,000. Bank of America Corp DE boosted its stake in Union Bankshares by 49.6% in the 4th quarter. Bank of America Corp DE now owns 3,558 shares of the bank’s stock valued at $170,000 after purchasing an additional 1,180 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Union Bankshares by 8.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,399 shares of the bank’s stock valued at $348,000 after purchasing an additional 699 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Union Bankshares in the 1st quarter valued at $439,000. 15.78% of the stock is currently 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 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.

Read More: Average Daily Trade Volume – ADTV

To view ValuEngine’s full report, visit ValuEngine’s official website.

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