ValuEngine cut shares of Union Bankshares, Inc. (NASDAQ:UNB) from a buy rating to a hold rating in a report released on Friday morning.

Shares of Union Bankshares (NASDAQ UNB) opened at $49.05 on Friday. Union Bankshares has a 12 month low of $37.55 and a 12 month high of $50.30. The company has a market cap of $221.09, a P/E ratio of 24.90 and a beta of 0.33.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.53 EPS for the quarter. Union Bankshares had a net margin of 23.36% and a return on equity of 15.28%.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Saturday, October 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, October 26th. Union Bankshares’s payout ratio is 58.29%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC lifted its stake in Union Bankshares by 7.5% during the 2nd quarter. Teachers Advisors LLC now owns 6,674 shares of the bank’s stock valued at $317,000 after acquiring an additional 464 shares during the period. Cardinal Capital Management lifted its stake in Union Bankshares by 7.8% during the 3rd quarter. Cardinal Capital Management now owns 18,956 shares of the bank’s stock valued at $917,000 after acquiring an additional 1,370 shares during the period. Wells Fargo & Company MN lifted its stake in Union Bankshares by 58.5% during the 3rd quarter. Wells Fargo & Company MN now owns 4,085 shares of the bank’s stock valued at $198,000 after acquiring an additional 1,508 shares during the period. Bank of New York Mellon Corp lifted its stake in Union Bankshares by 15.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 15,722 shares of the bank’s stock valued at $761,000 after acquiring an additional 2,139 shares during the period. Finally, Northern Trust Corp lifted its stake in Union Bankshares by 5.2% during the 2nd quarter. Northern Trust Corp now owns 44,112 shares of the bank’s stock valued at $2,095,000 after acquiring an additional 2,183 shares during the period. Institutional investors and hedge funds own 14.39% of the company’s stock.

About Union Bankshares

Union Bankshares, Inc is a one-bank holding company whose subsidiary is Union Bank (Union or the Bank). The Company’s business is that of a community bank in the financial services industry. The Company operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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