Union Bankshares' (UNB) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Union Bankshares' stock has maintained a strong "hold (C)" rating from Weiss Ratings, a sentiment echoed by a recent upgrade from Wall Street Zen.
• As of the latest trading session, UNB shares were priced at $24.76, reflecting a market cap of $112.66 million and a P/E ratio of 12.30.
• Several institutional investors increased their stakes in Union Bankshares, with notable changes from JPMorgan Chase & Co. and Bank of America, indicating growing interest in the stock.

Union Bankshares (NASDAQ:UNB - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Union Bankshares from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Union Bankshares Price Performance

Shares of UNB stock traded down $0.34 during mid-day trading on Friday, reaching $24.76. The stock had a trading volume of 4,239 shares, compared to its average volume of 10,624. Union Bankshares has a 12-month low of $23.80 and a 12-month high of $37.70. The company has a market cap of $112.66 million, a P/E ratio of 12.30 and a beta of 0.55. The business has a 50-day simple moving average of $25.58 and a 200 day simple moving average of $28.08. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23.

Institutional Trading of Union Bankshares

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Union Bankshares by 34,520.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank's stock worth $46,000 after acquiring an additional 1,726 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Union Bankshares in the second quarter worth approximately $53,000. New York State Common Retirement Fund acquired a new stake in shares of Union Bankshares in the second quarter worth approximately $104,000. Bank of America Corp DE boosted its position 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 acquiring an additional 1,355 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Union Bankshares in the first quarter worth approximately $214,000. 14.84% of the stock is owned by institutional investors and hedge funds.

Union Bankshares Company Profile

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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