Union Bankshares (NASDAQ:UNB) Share Price Passes Below 200 Day Moving Average - Time to Sell?

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 passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Ratings Changes

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 50 day moving average price of $28.14 and a 200 day moving average price of $30.14. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The firm has a market cap of $125.59 million, a PE ratio of 13.56 and a beta of 0.54.

Union Bankshares (NASDAQ:UNB - Get Free Report) last released its earnings results 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Saturday, July 26th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Friday, July 25th. Union Bankshares's dividend payout ratio is 70.59%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UNB. Cardinal Capital Management lifted its holdings in Union Bankshares by 2.1% in the second quarter. Cardinal Capital Management now owns 84,511 shares of the bank's stock worth $2,250,000 after buying an additional 1,773 shares during the period. Goldman Sachs Group Inc. purchased a new position in Union Bankshares during the first quarter valued at approximately $214,000. Jane Street Group LLC purchased a new stake in shares of Union Bankshares during the first quarter worth about $401,000. Alpine Global Management LLC purchased a new position in Union Bankshares during the fourth quarter valued at approximately $269,000. Finally, Bank of America Corp DE raised its position 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 valued at $122,000 after buying an additional 819 shares during the last quarter. 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.