Union Bankshares (NASDAQ:UNB) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Union Bankshares shares fell below their 200-day moving average, trading as low as $25.72 compared to the moving average of $29.06.
• The company recently announced a quarterly dividend of $0.36 per share, yielding 5.6%, with a payout ratio of 70.59%.
• Wall Street analysts upgraded Union Bankshares from a "sell" to a "hold" rating, indicating a cautious outlook for the stock.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.06 and traded as low as $25.72. Union Bankshares shares last traded at $25.72, with a volume of 4,615 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Union Bankshares from a "sell" rating to a "hold" rating in a report on Sunday, August 17th.

Union Bankshares Trading Down 1.0%

The firm has a 50-day moving average of $27.00 and a 200-day moving average of $29.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market capitalization of $117.03 million, a P/E ratio of 12.61 and a beta of 0.54.

Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The bank reported $0.53 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.14% and a net margin of 11.17%.The business had revenue of $13.20 million for the quarter.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Saturday, July 26th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.6%. The ex-dividend date was Friday, July 25th. Union Bankshares's dividend payout ratio (DPR) is presently 70.59%.

Institutional Investors Weigh In On Union Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Union Bankshares by 105.4% in the 2nd quarter. Geode Capital Management LLC now owns 86,310 shares of the bank's stock worth $2,298,000 after buying an additional 44,298 shares during the period. Cardinal Capital Management lifted its holdings in Union Bankshares by 2.1% in 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. Dimensional Fund Advisors LP lifted its holdings in Union Bankshares by 4.4% in the 4th 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 period. Northern Trust Corp lifted its holdings in Union Bankshares by 16.8% in the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock worth $893,000 after buying an additional 4,436 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Union Bankshares in the 1st quarter worth approximately $401,000. Hedge funds and other 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.

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