Union Bankshares (NASDAQ:UNB) Stock Price Breaks Below 200-Day Moving Average - Here's What Happened

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 1,881 shares.
• Analysts maintain a consensus “Hold” rating on the stock, with the company valued at approximately $113.85 million and trading at a P/E ratio of 8.81.
• Union Bankshares pays a quarterly dividend of $0.36 per share, equivalent to $1.44 annually and a 6.3% yield; institutional investors own 14.84% of the company.

Shares of Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-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 1,881 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UNB. Wall Street Zen raised Union Bankshares to a "hold" rating in a report on Saturday, July 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Union Bankshares in a report on Monday, September 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Union Bankshares presently has a consensus rating of "Hold".

Union Bankshares Trading Down 0.3%

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 stock's 50-day moving average is $23.77 and its two-hundred day moving average is $24.00. The stock has a market cap of $113.85 million, a P/E ratio of 8.81 and a beta of 0.30.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 27th were given a dividend of $0.36 per share. The ex-dividend date was Monday, July 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.3%. Union Bankshares's dividend payout ratio (DPR) is presently 55.17%.

Institutional Investors Weigh In On Union Bankshares

Several large investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in Union Bankshares during the 2nd quarter valued at approximately $225,000. Hsbc Holdings PLC bought a new stake in Union Bankshares in the second quarter worth $252,000. Trust Co. of Vermont purchased a new stake in Union Bankshares during the second quarter valued at $711,000. Finally, BlackRock Inc. purchased a new stake in Union Bankshares during the second quarter valued at $1,600,000. 14.84% of the stock is 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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