Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.16 and traded as low as $27.70. Union Bankshares shares last traded at $29.12, with a volume of 18,152 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Union Bankshares from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd.
Get Our Latest Report on Union Bankshares
Union Bankshares Stock Performance
The company has a market capitalization of $132.02 million, a P/E ratio of 14.99 and a beta of 0.58. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company's fifty day moving average is $30.13 and its 200 day moving average is $30.20.
Union Bankshares (NASDAQ:UNB - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.
Hedge Funds Weigh In On Union Bankshares
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of Union Bankshares by 24.0% in the 4th quarter. Bank of America Corp DE now owns 4,225 shares of the bank's stock valued at $122,000 after purchasing an additional 819 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Union Bankshares in the 4th quarter worth approximately $269,000. 683 Capital Management LLC purchased a new position in Union Bankshares during the fourth quarter valued at $304,000. Renaissance Technologies LLC boosted its stake in Union Bankshares by 13.2% during the fourth quarter. Renaissance Technologies LLC now owns 18,708 shares of the bank's stock worth $541,000 after acquiring an additional 2,176 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Union Bankshares by 16.8% in the 4th quarter. Northern Trust Corp now owns 30,880 shares of the bank's stock worth $893,000 after purchasing an additional 4,436 shares in the last quarter. Hedge funds and other institutional investors own 14.84% of the company's stock.
About Union Bankshares
(
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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.
Further Reading
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