Union Bankshares (NASDAQ:UNB) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Union Bankshares' stock has traded below its 200-day moving average of $28.50, recently hitting a low of $24.50 during trading, raising concerns about its performance.
• Analysts have recently upgraded Union Bankshares from a "sell" to a "hold" rating, indicating a more cautious but stable outlook for the stock.
• The company announced a quarterly dividend of $0.36 per share, which represents an annualized yield of 5.9%, reflecting a healthy dividend payout despite market conditions.

Shares of Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.50 and traded as low as $24.50. Union Bankshares shares last traded at $24.50, with a volume of 8,687 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on UNB shares. Wall Street Zen raised shares of Union Bankshares from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Union Bankshares in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Union Bankshares currently has an average rating of "Hold".

Union Bankshares Price Performance

The company has a market cap of $111.48 million, a PE ratio of 12.01 and a beta of 0.55. The business's 50 day moving average price is $26.02 and its 200-day moving average price is $28.50. 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 posted its quarterly earnings data on Wednesday, July 16th. The bank reported $0.53 earnings per share (EPS) 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Saturday, July 26th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, July 25th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.9%. Union Bankshares's dividend payout ratio (DPR) is currently 70.59%.

Institutional Trading of Union Bankshares

A number of hedge funds have recently made changes to their positions in UNB. JPMorgan Chase & Co. increased its stake in shares of Union Bankshares by 34,520.0% in the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank's stock worth $46,000 after buying an additional 1,726 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Union Bankshares in the second quarter worth $53,000. New York State Common Retirement Fund bought a new stake in shares of Union Bankshares in the second quarter worth $104,000. Bank of America Corp DE increased its stake in shares of 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 buying an additional 819 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Union Bankshares in the first quarter worth $214,000. 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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