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

Union Bankshares, Inc. (NASDAQ:UNB)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.03 and traded as low as $23.75. Union Bankshares shares last traded at $23.87, with a volume of 4,370 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UNB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Union Bankshares to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Union Bankshares Stock Up 0.1%

The stock has a 50-day moving average of $24.09 and a 200 day moving average of $24.03. The company has a market cap of $116.87 million, a P/E ratio of 9.05 and a beta of 0.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.79.

Union Bankshares Dividend Announcement

The firm 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. This represents a $1.44 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Monday, July 27th. Union Bankshares’s dividend payout ratio is currently 55.17%.

Institutional Trading of Union Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of UNB. BlackRock Inc. bought a new stake in Union Bankshares during the 2nd quarter worth $1,600,000. Trust Co. of Vermont bought a new stake in shares of Union Bankshares in the 2nd quarter valued at $711,000. Hsbc Holdings PLC acquired a new stake in shares of Union Bankshares during the second quarter worth $252,000. Finally, Squarepoint Ops LLC bought a new position in Union Bankshares during the second quarter worth $225,000. 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.