Union Bankshares (NASDAQ:UNB) Stock Passes Below 200-Day Moving Average – Here’s Why

Union Bankshares, Inc. (NASDAQ:UNB) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.37 and traded as low as $28.31. Union Bankshares shares last traded at $28.74, with a volume of 6,573 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd.

Union Bankshares Trading Down 1.6 %

The firm has a market capitalization of $130.05 million, a price-to-earnings ratio of 14.81 and a beta of 0.81. The business’s 50-day simple moving average is $30.47 and its two-hundred day simple moving average is $29.37. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Saturday, January 25th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, January 24th. Union Bankshares’s dividend payout ratio is presently 74.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UNB. Bank of America Corp DE grew its holdings in shares of Union Bankshares by 24.0% in the fourth quarter. Bank of America Corp DE now owns 4,225 shares of the bank’s stock valued at $122,000 after purchasing an additional 819 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of Union Bankshares in the fourth quarter valued at approximately $269,000. 683 Capital Management LLC acquired a new position in shares of Union Bankshares in the fourth quarter valued at approximately $304,000. Renaissance Technologies LLC grew its holdings in shares of Union Bankshares by 13.2% in the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank’s stock valued at $541,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Union Bankshares by 16.8% in the fourth quarter. Northern Trust Corp now owns 30,880 shares of the bank’s stock valued at $893,000 after purchasing an additional 4,436 shares in the last quarter. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.