Union Bankshares (NASDAQ:UNB) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

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.

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 $29.06 and traded as low as $25.72. Union Bankshares shares last traded at $25.72, with a volume of 4,615 shares traded.

Analysts Set New Price Targets

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

Union Bankshares Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.81. The company's 50-day simple moving average is $26.88 and its 200-day simple moving average is $28.99. The stock has a market capitalization of $118.78 million, a P/E ratio of 12.80 and a beta of 0.54.

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

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Saturday, July 26th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.44 annualized dividend and a dividend yield of 5.5%. Union Bankshares's dividend payout ratio is presently 70.59%.

Hedge Funds Weigh In On Union Bankshares

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Union Bankshares by 34,520.0% during the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank's stock worth $46,000 after acquiring an additional 1,726 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Union Bankshares during the second quarter worth about $53,000. New York State Common Retirement Fund bought a new position in Union Bankshares during the second quarter worth about $104,000. Bank of America Corp DE increased its position in Union Bankshares by 24.0% during the fourth quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock worth $122,000 after acquiring an additional 819 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in Union Bankshares during the first quarter worth about $214,000. 14.84% of the stock is owned by institutional investors.

Union Bankshares Company Profile

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.