Union Bankshares (NASDAQ:UNB) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Union Bankshares, Inc. (NASDAQ:UNB – Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $24.02 and traded as low as $23.50. Union Bankshares shares last traded at $23.50, with a volume of 4,927 shares traded.

Analyst Ratings Changes

UNB has been the topic of a number of analyst reports. Wall Street Zen raised shares of Union Bankshares to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reiterated 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Get Our Latest Report on Union Bankshares

Union Bankshares Price Performance

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 business’s 50-day simple moving average is $23.97 and its 200 day simple moving average is $24.01. The firm has a market capitalization of $116.33 million, a P/E ratio of 9.00 and a beta of 0.30.

Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, July 27th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, July 27th. Union Bankshares’s payout ratio is currently 55.17%.

Institutional Investors Weigh In On Union Bankshares

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

Union Bankshares Company Profile

(Get Free Report)

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.

Further Reading

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