Union Bankshares (NASDAQ:UNB) Shares Pass Below 200 Day Moving Average - Should You Sell?

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.08 and traded as low as $27.76. Union Bankshares shares last traded at $27.76, with a volume of 6,217 shares trading hands.

Wall Street Analyst Weigh In

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

Union Bankshares Trading Down 3.8%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average price is $31.26 and its 200-day moving average price is $30.95. The stock has a market capitalization of $117.63 million, a PE ratio of 13.22 and a beta of 0.57.

Union Bankshares (NASDAQ:UNB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.55 EPS for the quarter. Union Bankshares had a net margin of 11.00% and a return on equity of 12.93%. The firm had revenue of $12.70 million during the quarter.

Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Saturday, April 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date was Friday, April 25th. Union Bankshares's dividend payout ratio (DPR) is presently 73.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UNB. Bank of America Corp DE grew its holdings in Union Bankshares by 24.0% in the fourth 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 last quarter. Goldman Sachs Group Inc. acquired a new stake in Union Bankshares in the 1st quarter worth approximately $214,000. Alpine Global Management LLC acquired a new position in shares of Union Bankshares in the 4th quarter valued at $269,000. 683 Capital Management LLC acquired a new position in shares of Union Bankshares in the 4th quarter valued at about $304,000. Finally, Jane Street Group LLC purchased a new stake in Union Bankshares during the first quarter worth $401,000. 14.84% of the stock is currently owned by hedge funds and other 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.