Union Bankshares (NASDAQ:UNB) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Union Bankshares shares fell below their 200-day moving average, trading as low as $23.50 versus the $24.02 average, on volume of 4,927 shares.
• Analyst sentiment remains neutral: the company has a consensus “Hold” rating, with recent reports either raising or reaffirming Hold assessments.
• Union Bankshares declared a quarterly dividend of $0.36, equivalent to $1.44 annually and a 6.1% yield; institutional investors currently own 14.84% of the stock.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.02 and traded as low as $23.50. Union Bankshares shares last traded at $23.50, with a volume of 4,927 shares traded.

Analysts Set New Price Targets

UNB has been the topic of a number of recent research reports. Wall Street Zen raised shares of Union Bankshares to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Union Bankshares in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Union Bankshares Price Performance

The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $116.33 million, a price-to-earnings ratio of 9.00 and a beta of 0.30. The business's 50 day simple moving average is $24.01 and its 200-day simple moving average is $24.02.

Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 27th were paid a $0.36 dividend. The ex-dividend date was Monday, July 27th. This represents a $1.44 annualized dividend and a dividend yield of 6.1%. Union Bankshares's dividend payout ratio (DPR) is presently 55.17%.

Institutional Trading of Union Bankshares

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in shares of Union Bankshares during the 2nd quarter valued at approximately $225,000. Hsbc Holdings PLC acquired a new position in Union Bankshares during the 2nd quarter worth approximately $252,000. BlackRock Inc. bought a new position in Union Bankshares in the 2nd quarter valued at approximately $1,600,000. Finally, Trust Co. of Vermont bought a new position in Union Bankshares in the 2nd quarter valued at approximately $711,000. 14.84% of the stock is currently owned by institutional investors.

About Union Bankshares

Union Bankshares, Inc is the bank holding company for Union Bank, a community banking institution headquartered in Morrisville, Vermont. Founded in 1891, the bank serves individuals, families, businesses and municipalities in northern Vermont and northern New Hampshire.

Union Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, consumer loans and commercial lending. Its business banking offerings support local companies with credit, deposit accounts, cash-management services and other financial solutions.

Through its branch network and digital banking channels, Union Bank also offers online and mobile banking, electronic payments and related financial services.

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