Union Bankshares (NASDAQ:UNB) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Union Bankshares, Inc. (NASDAQ:UNBGet Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.88 and traded as low as $22.83. Union Bankshares shares last traded at $23.05, with a volume of 6,200 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Union Bankshares in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Union Bankshares currently has a consensus rating of “Hold”.

Get Our Latest Research Report on UNB

Union Bankshares Stock Up 0.9%

The stock has a market cap of $107.23 million, a price-to-earnings ratio of 9.19 and a beta of 0.30. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $24.05 and its 200-day moving average price is $23.88.

Union Bankshares (NASDAQ:UNBGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The bank reported $0.65 earnings per share for the quarter. The company had revenue of $25.08 million during the quarter. Union Bankshares had a net margin of 13.13% and a return on equity of 14.94%.

Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, April 27th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Monday, April 27th. Union Bankshares’s payout ratio is 56.92%.

Institutional Trading of Union Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Union Bankshares by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock valued at $4,583,000 after purchasing an additional 529 shares in the last quarter. State Street Corp increased its stake in Union Bankshares by 1.8% during the 4th quarter. State Street Corp now owns 37,275 shares of the bank’s stock valued at $885,000 after purchasing an additional 649 shares in the last quarter. Geode Capital Management LLC increased its stake in Union Bankshares by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 87,314 shares of the bank’s stock valued at $2,072,000 after purchasing an additional 1,249 shares in the last quarter. Bank of America Corp DE increased its stake in Union Bankshares by 30.1% during the 2nd quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock valued at $156,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Union Bankshares by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock valued at $1,015,000 after purchasing an additional 1,707 shares in the last quarter. Institutional investors own 14.84% of the company’s stock.

About Union Bankshares

(Get Free Report)

Union Bankshares, Inc is a Virginia-based bank holding company and the parent of Union Bank & Trust, offering a comprehensive range of commercial and retail banking services. Through its community banking platform, the company provides deposit accounts, business and consumer lending, treasury and cash management, residential mortgages, and digital banking solutions. It also delivers trust and wealth management services to individuals, corporations, and nonprofits.

The company’s commercial banking team serves small and middle-market businesses with financing for real estate, equipment, working capital, and industrial sectors.

Further Reading

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