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

Key Points

• Union Bankshares (NASDAQ: UNB) was upgraded from a "sell" to a "hold" rating by Wall Street Zen, signaling a potential shift in investor sentiment.
• The bank reported earnings of $0.53 per share for the last quarter, with a revenue of $13.2 million, reflecting a return on equity of 13.14%.
• Institutional investors are actively trading in Union Bankshares, with Bank of America Corp DE increasing its stake by 24% during the fourth quarter.

Union Bankshares (NASDAQ:UNB - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

Union Bankshares Trading Up 1.1%

Shares of UNB stock opened at $27.30 on Friday. The firm has a market capitalization of $124.22 million, a P/E ratio of 13.38 and a beta of 0.56. Union Bankshares has a twelve month low of $23.70 and a twelve month high of $37.70. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $27.32 and its 200 day simple moving average is $29.80.

Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The bank reported $0.53 earnings per share for the quarter. The business had revenue of $13.20 million for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.17%.

Institutional Investors Weigh In On Union Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in Union Bankshares by 24.0% during the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock worth $122,000 after acquiring an additional 819 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Union Bankshares by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock valued at $1,020,000 after buying an additional 1,474 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Union Bankshares by 34,520.0% in the 2nd 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. Cardinal Capital Management grew its position in shares of Union Bankshares by 2.1% in the 2nd quarter. Cardinal Capital Management now owns 84,511 shares of the bank's stock valued at $2,250,000 after buying an additional 1,773 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Union Bankshares in the 2nd quarter valued at about $53,000. Institutional investors own 14.84% of the company's stock.

About Union Bankshares

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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