Union Bankshares (NASDAQ:UNB) Stock Passes Below 200-Day Moving Average - Time to Sell?

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.56 and traded as low as $28.25. Union Bankshares shares last traded at $28.35, with a volume of 7,119 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Union Bankshares from a "hold" rating to a "sell" rating in a research note on Friday, March 7th.

Union Bankshares Trading Down 0.2 %

The firm has a market cap of $128.28 million, a P/E ratio of 14.61 and a beta of 0.80. The firm's fifty day moving average is $30.49 and its two-hundred day moving average is $29.56. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.

Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Saturday, January 25th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Friday, January 24th. Union Bankshares's dividend payout ratio (DPR) is 74.23%.

Institutional Investors Weigh In On Union Bankshares

A number of large investors have recently made changes to their positions in the company. Alpine Global Management LLC bought a new stake in shares of Union Bankshares during the 4th quarter valued at about $269,000. Bank of America Corp DE grew its stake in shares of Union Bankshares by 24.0% during the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock valued at $122,000 after acquiring an additional 819 shares during the period. 683 Capital Management LLC bought a new position in shares of Union Bankshares during the 4th quarter valued at approximately $304,000. Northern Trust Corp grew its stake in shares of Union Bankshares by 16.8% during the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock valued at $893,000 after acquiring an additional 4,436 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Union Bankshares by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 35,276 shares of the bank's stock valued at $1,020,000 after acquiring an additional 1,474 shares during the period. 14.84% of the stock is currently owned by institutional investors.

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.

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