ValuEngine upgraded shares of Union Bankshares, Inc. (NASDAQ:UNB) from a hold rating to a buy rating in a report issued on Wednesday morning.

Union Bankshares (UNB) traded down 0.30% during trading on Wednesday, reaching $49.80. The company’s stock had a trading volume of 445 shares. Union Bankshares has a one year low of $32.55 and a one year high of $50.15. The company has a 50-day moving average of $43.02 and a 200 day moving average of $43.08. The firm has a market cap of $222.21 million, a PE ratio of 25.33 and a beta of 0.30.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.50 earnings per share for the quarter. Union Bankshares had a net margin of 23.28% and a return on equity of 15.30%.

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A number of institutional investors and hedge funds have recently made changes to their positions in UNB. Teachers Advisors LLC grew its holdings in shares of Union Bankshares by 7.5% during the second quarter. Teachers Advisors LLC now owns 6,674 shares of the bank’s stock valued at $317,000 after buying an additional 464 shares during the last quarter. Cardinal Capital Management grew its holdings in shares of Union Bankshares by 11.5% during the second quarter. Cardinal Capital Management now owns 17,586 shares of the bank’s stock valued at $835,000 after buying an additional 1,808 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Union Bankshares by 5.2% during the second quarter. Northern Trust Corp now owns 44,112 shares of the bank’s stock valued at $2,095,000 after buying an additional 2,183 shares during the last quarter. State Street Corp grew its holdings in shares of Union Bankshares by 10.3% during the second quarter. State Street Corp now owns 54,254 shares of the bank’s stock valued at $2,583,000 after buying an additional 5,070 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Union Bankshares by 181.9% during the second quarter. Vanguard Group Inc. now owns 73,034 shares of the bank’s stock valued at $3,469,000 after buying an additional 47,123 shares during the last quarter. Institutional investors and hedge funds own 14.26% 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.

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