Union Bankshares (NASDAQ:UNB) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Union Bankshares, Inc. (NASDAQ:UNB – Get Free Report)’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 $23.98 and traded as low as $22.75. Union Bankshares shares last traded at $23.00, with a volume of 1,932 shares changing hands.

Wall Street Analysts Forecast Growth

UNB has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Union Bankshares to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Union Bankshares in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Stock Analysis on Union Bankshares

Union Bankshares Stock Performance

The stock’s 50-day moving average is $23.59 and its 200 day moving average is $23.98. The stock has a market cap of $113.85 million, a price-to-earnings ratio of 8.81 and a beta of 0.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in Union Bankshares in the second quarter valued at $225,000. Hsbc Holdings PLC acquired a new position in shares of Union Bankshares during the 2nd quarter worth $252,000. Trust Co. of Vermont purchased a new position in shares of Union Bankshares in the 2nd quarter valued at about $711,000. Finally, BlackRock Inc. purchased a new position in shares of Union Bankshares in the 2nd quarter valued at about $1,600,000. Institutional investors and hedge funds own 14.84% of the company’s stock.

About Union Bankshares

(Get Free Report)

Union Bankshares, Inc is the bank holding company for Union Bank, a community-focused financial institution headquartered in Morrisville, Vermont. Through Union Bank, the company provides banking services to individuals, families, businesses and municipalities in northern Vermont and northern New Hampshire.

Union Bank’s offerings include checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending and other financing solutions.

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