Union Bankshares, Inc. (NASDAQ:UNB – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday. 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 2,057 shares trading hands.
Analyst Ratings Changes
UNB has been the topic of several analyst reports. Wall Street Zen upgraded shares of Union Bankshares to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated 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 data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Union Bankshares
Union Bankshares Trading Down 0.4%
Union Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 27th were given a dividend of $0.36 per share. The ex-dividend date was Monday, July 27th. This represents a $1.44 dividend on an annualized basis and a yield of 6.3%. Union Bankshares’s dividend payout ratio is 55.17%.
Hedge Funds Weigh In On Union Bankshares
Several hedge funds and other institutional investors have recently modified their holdings of UNB. Squarepoint Ops LLC bought a new stake in shares of Union Bankshares in the second quarter worth $225,000. Hsbc Holdings PLC bought a new position in Union Bankshares in the second quarter valued at about $252,000. Trust Co. of Vermont purchased a new position in Union Bankshares in the second quarter worth about $711,000. Finally, BlackRock Inc. purchased a new position in Union Bankshares in the second quarter worth about $1,600,000. 14.84% of the stock is owned by institutional investors.
About Union Bankshares
Union Bankshares, Inc is the bank holding company for Union Bank, a community-focused financial institution headquartered in Morrisville, Vermont. Through Union Bank, the company provides banking services to individuals, families, businesses and municipalities in northern Vermont and northern New Hampshire.
Union Bank’s offerings include checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending and other financing solutions.
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