Union Bankshares (NASDAQ:UNB) Rating Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Union Bankshares (NASDAQ:UNB) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Union Bankshares Trading Up 3.1 %

Shares of UNB stock opened at $34.72 on Thursday. The stock has a market cap of $156.93 million, a P/E ratio of 17.81 and a beta of 0.74. Union Bankshares has a 1 year low of $21.00 and a 1 year high of $34.79. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $28.42 and a 200 day simple moving average of $25.41.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Wednesday, October 16th. The bank reported $0.29 earnings per share for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.74%.

Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Saturday, October 26th were issued a $0.36 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.44 dividend on an annualized basis and a yield of 4.15%. Union Bankshares’s dividend payout ratio (DPR) is presently 73.85%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cardinal Capital Management increased its position in Union Bankshares by 17.4% during the 2nd quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock valued at $1,388,000 after purchasing an additional 9,568 shares during the period. Dimensional Fund Advisors LP increased its position in Union Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after purchasing an additional 2,914 shares during the period. Renaissance Technologies LLC increased its position in Union Bankshares by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after purchasing an additional 1,000 shares during the period. Community Financial Services Group LLC acquired a new stake in Union Bankshares during the 3rd quarter valued at approximately $220,000. Finally, Geode Capital Management LLC increased its position in Union Bankshares by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,188 shares during the period. Institutional investors own 14.84% of the company’s stock.

Union Bankshares Company Profile

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.