Union Bankshares (NASDAQ:UNB) Stock Crosses Below Two Hundred Day Moving Average of $28.23

Shares of Union Bankshares, Inc. (NASDAQ:UNB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.23 and traded as low as $21.40. Union Bankshares shares last traded at $21.60, with a volume of 3,794 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Union Bankshares in a report on Friday, May 31st. They issued a “hold” rating for the company.

Union Bankshares Trading Down 0.7 %

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average is $24.45 and its 200 day moving average is $28.23. The company has a market cap of $97.61 million, a price-to-earnings ratio of 9.11 and a beta of 0.83.

Union Bankshares (NASDAQ:UNB) last posted its earnings results on Tuesday, May 14th. The bank reported $0.53 EPS for the quarter. Union Bankshares had a return on equity of 17.85% and a net margin of 15.19%. The firm had revenue of $11.58 million for the quarter.

Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Saturday, April 27th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Thursday, April 25th. Union Bankshares’s dividend payout ratio (DPR) is presently 60.76%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Union Bankshares stock. Cardinal Capital Management raised its stake in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 29.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,061 shares of the bank’s stock after purchasing an additional 12,690 shares during the period. Cardinal Capital Management owned 1.22% of Union Bankshares worth $1,679,000 at the end of the most recent quarter. 14.84% of the stock is currently owned by hedge funds and other institutional investors.

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.