Union Bankshares (NASDAQ:UNB) Stock Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Union Bankshares shares fell below their 200-day moving average, trading as low as $23.00 versus the $24.00 average, on volume of 2,057 shares.
• Analyst sentiment remains neutral: the stock has a consensus “Hold” rating, with one analyst covering the company.
• The company pays a quarterly dividend of $0.36, equivalent to $1.44 annually and a 6.3% yield; institutional investors own 14.84% of outstanding shares.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $24.00 and traded as low as $23.00. Union Bankshares shares last traded at $23.00, with a volume of 2,057 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Union Bankshares in a research report on Monday, September 21st. Wall Street Zen raised shares of Union Bankshares to a "hold" rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Union Bankshares Stock Performance

The stock has a 50 day moving average price of $23.66 and a two-hundred day moving average price of $24.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.79. The company has a market capitalization of $113.85 million, a price-to-earnings ratio of 8.81 and a beta of 0.29.

Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 27th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, July 27th. Union Bankshares's payout ratio is 55.17%.

Institutional Investors Weigh In On Union Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in UNB. BlackRock Inc. bought a new stake in Union Bankshares during the 2nd quarter worth about $1,600,000. Trust Co. of Vermont acquired a new position in Union Bankshares during the 2nd quarter valued at about $711,000. Squarepoint Ops LLC bought a new position in shares of Union Bankshares in the 2nd quarter valued at about $225,000. Finally, Hsbc Holdings PLC bought a new position in shares of Union Bankshares in the 2nd quarter valued at about $252,000. 14.84% of the stock is owned by institutional investors and hedge funds.

About Union Bankshares

Union Bankshares, Inc is the bank holding company for Union Bank, a community-focused financial institution headquartered in Morrisville, Vermont. Through Union Bank, the company provides banking services to individuals, families, businesses and municipalities in northern Vermont and northern New Hampshire.

Union Bank's offerings include checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending and other financing solutions.

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