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

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

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Union Bankshares in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Union Bankshares currently has a consensus rating of “Hold”.

Union Bankshares Stock Up 0.5%

Shares of UNB stock opened at $24.80 on Friday. Union Bankshares has a 12 month low of $20.65 and a 12 month high of $28.29. The firm has a market cap of $114.33 million, a PE ratio of 9.50 and a beta of 0.28. The stock has a 50 day moving average of $24.18 and a 200-day moving average of $24.21. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.20.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $11.95 million for the quarter. Union Bankshares had a net margin of 13.50% and a return on equity of 15.20%.

Institutional Trading of Union Bankshares

Several institutional investors have recently modified their holdings of UNB. Barclays PLC increased its position in shares of Union Bankshares by 42.5% during the fourth quarter. Barclays PLC now owns 8,542 shares of the bank’s stock valued at $203,000 after purchasing an additional 2,548 shares during the period. Kestra Advisory Services LLC bought a new position in Union Bankshares in the fourth quarter worth $42,000. State Street Corp lifted its position in Union Bankshares by 1.8% in the fourth quarter. State Street Corp now owns 37,275 shares of the bank’s stock worth $885,000 after purchasing an additional 649 shares during the period. Wells Fargo & Company MN boosted its stake in Union Bankshares by 56.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,757 shares of the bank’s stock worth $113,000 after buying an additional 1,716 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Union Bankshares during the fourth quarter worth $311,000. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.