StockNews.com Initiates Coverage on Union Bankshares (NASDAQ:UNB)

StockNews.com started coverage on shares of Union Bankshares (NASDAQ:UNBGet Free Report) in a note issued to investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

Union Bankshares Stock Up 2.6 %

NASDAQ UNB opened at $22.05 on Friday. Union Bankshares has a 1-year low of $20.07 and a 1-year high of $32.00. The company has a market capitalization of $99.67 million, a price-to-earnings ratio of 9.30 and a beta of 0.91. The stock’s 50 day moving average is $27.10 and its two-hundred day moving average is $29.02. The company has a current ratio of 0.80, a quick ratio of 0.80 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 grew its stake in Union Bankshares, Inc. (NASDAQ:UNBFree Report) by 29.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,061 shares of the bank’s stock after purchasing an additional 12,690 shares during the quarter. Cardinal Capital Management owned about 1.22% of Union Bankshares worth $1,679,000 at the end of the most recent reporting period. 14.84% of the stock is currently owned by institutional investors.

Union Bankshares Company Profile

(Get Free Report)

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.

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