Union Bankshares (NASDAQ:UNB) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Union Bankshares, Inc. (NASDAQ:UNB) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.62 and traded as high as $28.86. Union Bankshares shares last traded at $28.65, with a volume of 14,357 shares trading hands.

Wall Street Analyst Weigh In

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

Union Bankshares Stock Performance

The stock has a market cap of $129.50 million, a price-to-earnings ratio of 14.69 and a beta of 0.74. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $26.62 and a 200-day simple moving average of $24.89.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Friday, August 9th. The bank reported $0.45 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 13.53%. The company had revenue of $12.25 million for the quarter.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Saturday, October 26th will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.44 annualized dividend and a dividend yield of 5.03%. Union Bankshares’s dividend payout ratio is currently 73.85%.

Hedge Funds Weigh In On Union Bankshares

Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in shares of Union Bankshares by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 14,032 shares of the bank’s stock valued at $301,000 after acquiring an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Union Bankshares by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 30,924 shares of the bank’s stock valued at $664,000 after purchasing an additional 2,914 shares during the period. Community Financial Services Group LLC bought a new stake in Union Bankshares in the third quarter valued at approximately $220,000. Finally, Cardinal Capital Management raised its holdings in Union Bankshares by 17.4% in the second quarter. Cardinal Capital Management now owns 64,629 shares of the bank’s stock worth $1,388,000 after purchasing an additional 9,568 shares during the period. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.