Union Bankshares (NASDAQ:UNB) Shares Pass Below 200-Day Moving Average - What's Next?

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.28 and traded as low as $28.58. Union Bankshares shares last traded at $28.73, with a volume of 2,246 shares trading hands.

Wall Street Analyst Weigh In

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

Union Bankshares Price Performance

The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $130.38 million, a price-to-earnings ratio of 14.81 and a beta of 0.57. The stock has a 50-day moving average price of $31.36 and a 200 day moving average price of $31.28.

Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.55 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%. The company had revenue of $12.70 million for the quarter.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Saturday, April 26th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Friday, April 25th. Union Bankshares's payout ratio is 73.47%.

Institutional Investors Weigh In On Union Bankshares

Several institutional investors have recently bought and sold shares of UNB. Cardinal Capital Management boosted its holdings in Union Bankshares by 2.2% in the 4th quarter. Cardinal Capital Management now owns 76,087 shares of the bank's stock worth $2,200,000 after buying an additional 1,674 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Union Bankshares by 13.2% in the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock worth $541,000 after buying an additional 2,176 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 last quarter. Alpine Global Management LLC purchased a new position in Union Bankshares in the 4th quarter worth approximately $269,000. Finally, Northern Trust Corp boosted its holdings in shares of Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock worth $893,000 after purchasing an additional 4,436 shares during the last quarter. 14.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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