Union Bankshares (NASDAQ:UNB) Share Price Crosses Below Two Hundred Day Moving Average of $25.85

Union Bankshares, Inc. (NASDAQ:UNB)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Union Bankshares Trading Down 0.3 %

The firm has a market cap of $112.66 million, a P/E ratio of 10.52 and a beta of 0.76. The company’s 50 day moving average is $24.12 and its two-hundred day moving average is $25.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.79.

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

Union Bankshares Announces Dividend

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

Hedge Funds Weigh In On Union Bankshares

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in Union Bankshares by 7.7% during the second quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock worth $301,000 after buying an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Union Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock worth $664,000 after acquiring an additional 2,914 shares during the last quarter. Finally, Cardinal Capital Management increased its holdings in Union Bankshares by 17.4% during 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. 14.84% of the stock is owned by institutional investors and hedge funds.

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.