Union Bankshares (NASDAQ:UNB) Share Price Passes Below Two Hundred Day Moving Average of $25.60

Shares of Union Bankshares, Inc. (NASDAQ:UNB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.60 and traded as low as $24.95. Union Bankshares shares last traded at $26.00, with a volume of 1,913 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Union Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

Union Bankshares Trading Up 2.2 %

The firm has a market cap of $117.49 million, a price-to-earnings ratio of 10.97 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $24.49 and a 200-day moving average price of $25.60.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings data on Friday, August 9th. The bank reported $0.45 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 16.36%. The company had revenue of $12.25 million during the quarter.

Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Saturday, July 27th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.44 annualized dividend and a dividend yield of 5.54%. Union Bankshares’s dividend payout ratio is presently 60.76%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UNB. Renaissance Technologies LLC raised its position in shares of Union Bankshares by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after purchasing an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Union Bankshares by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after purchasing an additional 2,914 shares during the last quarter. Finally, Cardinal Capital Management raised its stake in shares of Union Bankshares by 17.4% in the 2nd quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock valued at $1,388,000 after purchasing an additional 9,568 shares in the last quarter. Hedge funds and other institutional investors own 14.84% of the company’s stock.

Union Bankshares Company Profile

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.