TheStreet downgraded shares of Union Bankshares (NASDAQ:UNB) from a b- rating to a c+ rating in a research report report published on Tuesday, May 21st, TheStreetRatingsTable reports.
Separately, ValuEngine downgraded Union Bankshares from a hold rating to a sell rating in a research report on Tuesday, March 19th.
Shares of NASDAQ:UNB traded down $0.23 during midday trading on Tuesday, reaching $33.45. The company had a trading volume of 1,739 shares, compared to its average volume of 2,509. Union Bankshares has a 1-year low of $29.52 and a 1-year high of $54.00. The firm has a market capitalization of $149.46 million, a price-to-earnings ratio of 14.91 and a beta of 0.37.
Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.59 EPS for the quarter. Union Bankshares had a return on equity of 16.13% and a net margin of 16.38%. The firm had revenue of $9.70 million during the quarter.
Large investors have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in Union Bankshares by 1.1% in the 1st quarter. Northern Trust Corp now owns 44,524 shares of the bank’s stock valued at $2,013,000 after buying an additional 472 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Union Bankshares by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,418 shares of the bank’s stock worth $1,285,000 after acquiring an additional 483 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Union Bankshares by 5,500.0% during the first quarter. BNP Paribas Arbitrage SA now owns 840 shares of the bank’s stock worth $38,000 after acquiring an additional 825 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Union Bankshares by 5.6% during the first quarter. Renaissance Technologies LLC now owns 17,100 shares of the bank’s stock worth $773,000 after acquiring an additional 900 shares during the last quarter. Finally, Vanguard Group Inc raised its position in shares of Union Bankshares by 0.9% during the third quarter. Vanguard Group Inc now owns 111,923 shares of the bank’s stock worth $5,949,000 after acquiring an additional 1,013 shares during the last quarter. 16.08% 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 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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