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

Key Points

• Union Bankshares' stock (NASDAQ: UNB) was reiterated with a "Hold (C)" rating by Weiss Ratings, while Wall Street Zen upgraded its rating from "sell" to "hold."
• The company's recent stock performance shows shares trading down to $25.10, with a 12-month trading range between $24.50 and $37.70.
• Institutional investors have significantly increased their holdings, with notable purchases from JPMorgan Chase and Goldman Sachs, indicating growing interest in Union Bankshares.

Union Bankshares (NASDAQ:UNB - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

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

Union Bankshares Stock Performance

Shares of NASDAQ UNB traded down $0.11 during midday trading on Wednesday, hitting $25.10. 5,091 shares of the company's stock were exchanged, compared to its average volume of 11,197. Union Bankshares has a 12 month low of $24.50 and a 12 month high of $37.70. The company's 50 day moving average price is $26.07 and its 200 day moving average price is $28.56. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $114.21 million, a PE ratio of 12.30 and a beta of 0.55.

Union Bankshares (NASDAQ:UNB - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The bank reported $0.53 EPS for the quarter. The firm 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 large investors have recently made changes to their positions in UNB. JPMorgan Chase & Co. grew its holdings in Union Bankshares by 34,520.0% during the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank's stock valued at $46,000 after purchasing an additional 1,726 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Union Bankshares during the 2nd quarter valued at $53,000. New York State Common Retirement Fund purchased a new stake in shares of Union Bankshares during the 2nd quarter valued at $104,000. Bank of America Corp DE raised its stake in Union Bankshares by 24.0% in 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. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Union Bankshares during the 1st quarter valued at about $214,000. 14.84% of the stock is currently owned by institutional investors.

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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