Union Bankshares (NASDAQ:UNB) Stock Price Crosses Below 200 Day Moving Average of $25.85

Union Bankshares, Inc. (NASDAQ:UNB) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.85 and traded as low as $24.21. Union Bankshares shares last traded at $24.93, with a volume of 16,650 shares trading hands.

Analysts Set New Price Targets

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

Union Bankshares Price Performance

The firm has a market capitalization of $112.66 million, a price-to-earnings ratio of 10.52 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 0.80. The company has a 50-day moving average of $24.12 and a 200-day moving average of $25.82.

Union Bankshares (NASDAQ:UNB) last posted 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 for the quarter.

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Saturday, July 27th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Friday, July 26th. Union Bankshares’s payout ratio is 60.76%.

Institutional Investors Weigh In On Union Bankshares

Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Union Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after buying an additional 2,914 shares during the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Union Bankshares by 29.9% during the 1st quarter. Cardinal Capital Management now owns 55,061 shares of the bank’s stock worth $1,679,000 after acquiring an additional 12,690 shares during the period. Institutional investors and hedge funds own 14.84% of the company’s stock.

About Union Bankshares

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.