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

Union Bankshares, Inc. (NASDAQ:UNB)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.13 and traded as low as $22.13. Union Bankshares shares last traded at $22.62, with a volume of 5,586 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UNB shares. Wall Street Zen raised shares of Union Bankshares from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Weiss Ratings restated a “hold (c)” rating on shares of Union Bankshares in a research report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Union Bankshares Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.81. The company’s 50-day moving average price is $23.73 and its 200-day moving average price is $26.13. The company has a market cap of $103.64 million, a P/E ratio of 11.09 and a beta of 0.57.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings data on Friday, November 7th. The bank reported $0.75 EPS for the quarter. The business had revenue of $14.51 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, November 6th. Investors of record on Saturday, October 25th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, October 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.4%. Union Bankshares’s dividend payout ratio (DPR) is presently 57.60%.

Hedge Funds Weigh In On Union Bankshares

Several hedge funds have recently made changes to their positions in UNB. Goldman Sachs Group Inc. bought a new stake in shares of Union Bankshares in the first quarter worth $214,000. Jane Street Group LLC acquired a new stake in Union Bankshares in the 1st quarter valued at $401,000. Cardinal Capital Management increased its stake in Union Bankshares by 2.1% in the 2nd quarter. Cardinal Capital Management now owns 84,511 shares of the bank’s stock valued at $2,250,000 after buying an additional 1,773 shares during the last quarter. Geode Capital Management LLC lifted its position in Union Bankshares by 105.4% during the 2nd quarter. Geode Capital Management LLC now owns 86,310 shares of the bank’s stock worth $2,298,000 after buying an additional 44,298 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Union Bankshares by 34,520.0% during the 2nd 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. 14.84% of the stock is owned by institutional investors.

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.