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

Key Points

• Union Bankshares' stock price has dropped below its 200-day moving average of $30.05, trading as low as $25.90 before closing at $26.45.
• The company recently raised its quarterly dividend to $0.36 per share, resulting in an annualized dividend yield of 5.4%.
• Wall Street Zen upgraded Union Bankshares' rating from "sell" to , signaling a more favorable outlook for the stock.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.05 and traded as low as $25.90. Union Bankshares shares last traded at $26.45, with a volume of 14,911 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Union Bankshares from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st.

Union Bankshares Stock Performance

The company's 50-day simple moving average is $27.56 and its 200-day simple moving average is $29.97. The stock has a market cap of $118.27 million, a price-to-earnings ratio of 12.77 and a beta of 0.56. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.23.

Union Bankshares (NASDAQ:UNB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The bank reported $0.53 earnings per share for the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.22%. The business had revenue of $13.20 million for the quarter.

Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Saturday, July 26th will be given a $0.36 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.5%. Union Bankshares's payout ratio is 70.59%.

Institutional Trading of Union Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of Union Bankshares by 24.0% during the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock valued at $122,000 after acquiring an additional 819 shares during the period. Northern Trust Corp increased its position 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 buying an additional 4,436 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Union Bankshares by 13.2% during the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock worth $541,000 after purchasing an additional 2,176 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Union Bankshares by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock worth $1,020,000 after buying an additional 1,474 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Union Bankshares in the 4th quarter valued at $269,000. 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.