Union Bankshares (NASDAQ:UNB) Upgraded to Hold at Wall Street Zen

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

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

Union Bankshares Price Performance

Shares of NASDAQ UNB opened at $24.78 on Friday. The company has a 50 day simple moving average of $23.37 and a two-hundred day simple moving average of $25.07. Union Bankshares has a fifty-two week low of $20.65 and a fifty-two week high of $36.00. The company has a market capitalization of $113.49 million, a price-to-earnings ratio of 9.91 and a beta of 0.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings results 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.

Hedge Funds Weigh In On Union Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNB. Vanguard Group Inc. boosted its stake in Union Bankshares by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock valued at $4,583,000 after purchasing an additional 529 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Union Bankshares by 30.1% in the second quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock worth $156,000 after purchasing an additional 1,355 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Union Bankshares by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock valued at $1,015,000 after purchasing an additional 1,707 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Union Bankshares by 34,520.0% during 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. Finally, Cardinal Capital Management increased its holdings in Union Bankshares by 2.1% in the 2nd quarter. Cardinal Capital Management now owns 84,511 shares of the bank’s stock worth $2,250,000 after buying 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.