Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.30 and traded as low as $25.85. Union Bankshares shares last traded at $25.99, with a volume of 7,462 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Union Bankshares from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th.
Check Out Our Latest Analysis on UNB
Union Bankshares Stock Down 0.7%
The company's fifty day moving average price is $27.07 and its 200-day moving average price is $29.15. The stock has a market capitalization of $117.69 million, a PE ratio of 12.68 and a beta of 0.54. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.23.
Union Bankshares (NASDAQ:UNB - Get Free Report) last released its earnings results on Wednesday, July 16th. The bank reported $0.53 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.14%. The firm had revenue of $13.20 million during the quarter.
Union Bankshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Saturday, July 26th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, July 25th. Union Bankshares's payout ratio is presently 70.59%.
Hedge Funds Weigh In On Union Bankshares
A number of hedge funds have recently added to or reduced their stakes in UNB. JPMorgan Chase & Co. grew its position in Union Bankshares by 34,520.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank's stock worth $46,000 after purchasing an additional 1,726 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Union Bankshares in the 2nd quarter worth approximately $53,000. New York State Common Retirement Fund bought a new stake in Union Bankshares in the 2nd quarter worth approximately $104,000. Bank of America Corp DE grew its position in Union Bankshares by 24.0% in the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock worth $122,000 after purchasing an additional 819 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in Union Bankshares in the 1st quarter worth approximately $214,000. 14.84% of the stock is currently owned by hedge funds and other institutional investors.
Union Bankshares Company Profile
(
Get Free Report)
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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