Union Bankshares (NASDAQ:UNB) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Union Bankshares' stock price fell below its 200-day moving average of $30.14, trading as low as $27.33 before closing at $28.14.
• Analysts upgraded Union Bankshares from a sell to a hold rating as of May 21st, indicating a potential positive shift in investor sentiment.
• The company declared a quarterly dividend of $0.36 per share, representing a dividend yield of 5.12% for shareholders of record on July 26th.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.14 and traded as low as $27.33. Union Bankshares shares last traded at $28.14, with a volume of 8,256 shares.

Analyst Upgrades and Downgrades

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

Union Bankshares Price Performance

The firm's fifty day simple moving average is $28.27 and its 200 day simple moving average is $30.14. The firm has a market cap of $127.76 million, a P/E ratio of 13.79 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.82.

Union Bankshares (NASDAQ:UNB - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The bank reported $0.53 EPS for the quarter. Union Bankshares had a net margin of 11.17% and a return on equity of 13.22%. The business had revenue of $13.20 million during the quarter.

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Saturday, July 26th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, July 25th. Union Bankshares's dividend payout ratio (DPR) is presently 70.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UNB. Renaissance Technologies LLC boosted its holdings in shares of Union Bankshares by 13.2% during the 4th quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock valued at $541,000 after purchasing an additional 2,176 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Union Bankshares by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock valued at $1,020,000 after acquiring an additional 1,474 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Union Bankshares in the 4th quarter valued at about $269,000. Northern Trust Corp lifted its holdings in shares of Union Bankshares by 16.8% in the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock valued at $893,000 after acquiring an additional 4,436 shares during the last quarter. Finally, 683 Capital Management LLC bought a new position in shares of Union Bankshares in the 4th quarter valued at about $304,000. Institutional investors own 14.84% of the company's stock.

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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