Union Bankshares (NASDAQ:UNB) Stock Rating Upgraded by Wall Street Zen

Union Bankshares (NASDAQ:UNB) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated 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, According to MarketBeat.com, the stock has an average rating of “Hold”.

Union Bankshares Trading Down 0.1%

NASDAQ UNB opened at $24.78 on Friday. Union Bankshares has a 52 week low of $20.65 and a 52 week high of $36.00. The company has a 50 day moving average price of $23.37 and a 200 day moving average price of $25.04. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market cap of $113.49 million, a PE ratio of 9.91 and a beta of 0.39.

Union Bankshares (NASDAQ:UNB) last announced its earnings results on Friday, November 7th. The bank reported $0.75 earnings per share for the quarter. Union Bankshares had a net margin of 13.16% and a return on equity of 15.88%. The company had revenue of $14.51 million during the quarter.

Hedge Funds Weigh In On Union Bankshares

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in Union Bankshares during the 1st quarter worth about $214,000. Jane Street Group LLC purchased a new position in shares of Union Bankshares in the first quarter worth about $401,000. Cardinal Capital Management lifted its holdings in shares of Union Bankshares by 2.1% during 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 during the period. Geode Capital Management LLC lifted its holdings in shares of Union Bankshares by 105.4% during the second quarter. Geode Capital Management LLC now owns 86,310 shares of the bank’s stock worth $2,298,000 after purchasing an additional 44,298 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Union Bankshares by 34,520.0% in the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock valued at $46,000 after buying an additional 1,726 shares during the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

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.