Union Bankshares (NASDAQ:UNB) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Union Bankshares, Inc. (NASDAQ:UNB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.13 and traded as low as $22.13. Union Bankshares shares last traded at $22.62, with a volume of 5,586 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a report on Monday. Wall Street Zen upgraded Union Bankshares from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Union Bankshares Price Performance

The company has a market capitalization of $103.64 million, a price-to-earnings ratio of 11.09 and a beta of 0.57. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $23.73 and a 200 day moving average price of $26.13.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings results on Friday, November 7th. The bank reported $0.75 earnings per share (EPS) for the quarter. The business had revenue of $14.51 million for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.17%.

Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Saturday, October 25th were given a dividend of $0.36 per share. The ex-dividend date was Friday, October 24th. This represents a $1.44 annualized dividend and a dividend yield of 6.4%. Union Bankshares’s payout ratio is currently 57.60%.

Institutional Trading of Union Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Union Bankshares by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock worth $4,583,000 after purchasing an additional 529 shares during the last quarter. Bank of America Corp DE lifted its stake in Union Bankshares by 30.1% in the second quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock valued at $156,000 after buying an additional 1,355 shares during the period. Dimensional Fund Advisors LP lifted its stake in Union Bankshares by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock valued at $1,015,000 after buying an additional 1,707 shares during the period. JPMorgan Chase & Co. boosted 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 worth $46,000 after buying an additional 1,726 shares during the last quarter. Finally, Cardinal Capital Management grew its position in shares of Union Bankshares by 2.1% during the 2nd quarter. Cardinal Capital Management now owns 84,511 shares of the bank’s stock worth $2,250,000 after buying an additional 1,773 shares during the period. Institutional investors 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.