Union Bankshares (NASDAQ:UNB) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Union Bankshares, Inc. (NASDAQ:UNB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.16 and traded as low as $22.58. Union Bankshares shares last traded at $22.62, with a volume of 8,287 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Union Bankshares to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Union Bankshares Stock Down 2.2%

The stock’s fifty day moving average is $24.29 and its two-hundred day moving average is $24.16. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $103.60 million, a PE ratio of 9.31 and a beta of 0.42.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.60 EPS for the quarter. Union Bankshares had a return on equity of 15.18% and a net margin of 12.75%.The business had revenue of $11.47 million for the quarter.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Saturday, January 31st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, January 30th. Union Bankshares’s dividend payout ratio (DPR) is presently 59.26%.

Hedge Funds Weigh In On Union Bankshares

Hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its holdings in Union Bankshares by 1.8% during the 4th quarter. State Street Corp now owns 37,275 shares of the bank’s stock worth $885,000 after purchasing an additional 649 shares in the last quarter. Jane Street Group LLC bought a new position in Union Bankshares in the 1st quarter worth about $401,000. Goldman Sachs Group Inc. purchased a new position in Union Bankshares during the 4th quarter valued at about $311,000. Citadel Advisors LLC bought a new stake in shares of Union Bankshares during the third quarter valued at about $248,000. Finally, Barclays PLC increased its position in shares of Union Bankshares by 42.5% during the fourth quarter. Barclays PLC now owns 8,542 shares of the bank’s stock valued at $203,000 after buying an additional 2,548 shares during the period. 14.84% of the stock is currently owned by hedge funds and other institutional investors.

Union Bankshares Company Profile

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.