Union Bankshares (NASDAQ:UNB) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Union Bankshares (NASDAQ:UNB) in a report released on Tuesday. The firm set a “hold” rating on the bank’s stock.

Union Bankshares Stock Down 0.5 %

Shares of UNB stock opened at $25.36 on Tuesday. The company has a market capitalization of $114.60 million, a price-to-earnings ratio of 10.14 and a beta of 0.91. Union Bankshares has a 12-month low of $20.07 and a 12-month high of $32.00. The firm has a fifty day moving average of $28.96 and a 200-day moving average of $29.19. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Union Bankshares

An institutional investor recently raised its position in Union Bankshares stock. Cardinal Capital Management raised its stake in Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,061 shares of the bank’s stock after purchasing 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 reporting period. 14.84% of the stock is owned by hedge funds and other institutional investors.

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.