Union Bankshares (NASDAQ:UNB) Share Price Passes Below Two Hundred Day Moving Average of $29.12

Union Bankshares, Inc. (NASDAQ:UNB) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.12 and traded as low as $24.27. Union Bankshares shares last traded at $24.27, with a volume of 1,519 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Union Bankshares in a research report on Thursday. They issued a “hold” rating on the stock.

Union Bankshares Stock Performance

The company’s fifty day moving average is $27.83 and its 200 day moving average is $29.12. The company has a market capitalization of $109.70 million, a P/E ratio of 10.24 and a beta of 0.91. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25.

Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Saturday, April 27th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date was Thursday, April 25th. Union Bankshares’s payout ratio is presently 60.76%.

Hedge Funds Weigh In On Union Bankshares

An institutional investor recently bought a new position in Union Bankshares stock. Community Financial Services Group LLC bought a new position in Union Bankshares, Inc. (NASDAQ:UNB) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,480 shares of the bank’s stock, valued at approximately $259,000. Community Financial Services Group LLC owned approximately 0.19% of Union Bankshares as of its most recent filing with the Securities and Exchange Commission (SEC). 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.