Union Bankshares (NASDAQ:UNB) Shares Cross Below 200-Day Moving Average – What’s Next?

Union Bankshares, Inc. (NASDAQ:UNB)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $24.00 and traded as low as $23.00. Union Bankshares shares last traded at $23.00, with a volume of 1,881 shares.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UNB shares. Wall Street Zen raised Union Bankshares to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Union Bankshares in a report on Monday, September 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Union Bankshares has an average rating of “Hold”.

Union Bankshares Stock Up 0.1%

The stock has a market cap of $113.91 million, a P/E ratio of 8.82 and a beta of 0.29. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $23.73 and a 200-day simple moving average of $24.00.

Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 27th were paid a $0.36 dividend. The ex-dividend date was Monday, July 27th. This represents a $1.44 annualized dividend and a dividend yield of 6.3%. Union Bankshares’s dividend payout ratio (DPR) is presently 55.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new position in shares of Union Bankshares in the second quarter worth about $225,000. Hsbc Holdings PLC bought a new position in Union Bankshares in the 2nd quarter valued at approximately $252,000. BlackRock Inc. acquired a new stake in Union Bankshares in the second quarter valued at approximately $1,600,000. Finally, Trust Co. of Vermont bought a new stake in shares of Union Bankshares during the second quarter worth $711,000. Institutional investors own 14.84% of the company’s stock.

Union Bankshares Company Profile

Union Bankshares, Inc is the bank holding company for Union Bank, a community banking institution headquartered in Morrisville, Vermont. Founded in 1891, the bank serves individuals, families, businesses and municipalities in northern Vermont and northern New Hampshire.

Union Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, consumer loans and commercial lending. Its business banking offerings support local companies with credit, deposit accounts, cash-management services and other financial solutions.

Through its branch network and digital banking channels, Union Bank also offers online and mobile banking, electronic payments and related financial services.