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

Stock analysts at StockNews.com started coverage on shares of Union Bankshares (NASDAQ:UNB – Get Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, TheStreet lowered Union Bankshares from a “b-” rating to a “c+” rating in a report on Thursday, December 22nd.

Union Bankshares Stock Up 4.9 %

Shares of Union Bankshares stock opened at $23.31 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.33. The firm has a market cap of $104.66 million, a P/E ratio of 8.30 and a beta of 0.81. Union Bankshares has a fifty-two week low of $20.15 and a fifty-two week high of $31.66. The business has a 50-day moving average price of $25.35 and a 200 day moving average price of $24.57.

Union Bankshares (NASDAQ:UNB – Get Rating) last announced its quarterly earnings data on Wednesday, January 18th. The bank reported $0.77 earnings per share for the quarter. Union Bankshares had a return on equity of 21.11% and a net margin of 24.55%.

Hedge Funds Weigh In On Union Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in Union Bankshares by 617.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,205 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,037 shares during the period. Money Concepts Capital Corp acquired a new position in shares of Union Bankshares during the fourth quarter worth approximately $183,000. Millennium Management LLC boosted its position in shares of Union Bankshares by 8.5% during the second quarter. Millennium Management LLC now owns 7,763 shares of the bank’s stock worth $203,000 after buying an additional 610 shares during the period. State Street Corp boosted its position in shares of Union Bankshares by 13.9% during the first quarter. State Street Corp now owns 8,445 shares of the bank’s stock worth $260,000 after buying an additional 1,033 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Union Bankshares by 2.4% during the fourth quarter. LPL Financial LLC now owns 19,154 shares of the bank’s stock worth $460,000 after buying an additional 450 shares during the period. 11.50% of the stock is currently owned by institutional investors and hedge funds.

About Union Bankshares

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Union Bankshares, Inc operates as a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and asset management & trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans.