Union Bankshares (NASDAQ:UNB) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Union Bankshares, Inc. (NASDAQ:UNB) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.09 and traded as low as $24.06. Union Bankshares shares last traded at $24.06, with a volume of 3,647 shares.

Analyst Ratings Changes

Several research firms have recently issued reports on UNB. Wall Street Zen raised 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 Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Union Bankshares Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $110.92 million, a PE ratio of 9.90 and a beta of 0.36. The company has a fifty day moving average price of $24.09 and a two-hundred day moving average price of $23.94.

Union Bankshares (NASDAQ:UNB) last posted its earnings results on Thursday, February 5th. The bank reported $0.60 earnings per share for the quarter. Union Bankshares had a return on equity of 14.78% and a net margin of 12.75%.The business had revenue of $28.16 million during the quarter.

Union Bankshares Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, January 30th. Union Bankshares’s payout ratio is presently 59.26%.

Institutional Trading of Union Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in UNB. Kestra Advisory Services LLC purchased a new stake in shares of Union Bankshares in the 4th quarter valued at about $42,000. JPMorgan Chase & Co. raised its stake in Union Bankshares by 34,520.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,726 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Union Bankshares during the 2nd quarter valued at approximately $53,000. Russell Investments Group Ltd. purchased a new stake in Union Bankshares during the 3rd quarter valued at approximately $63,000. Finally, New York State Common Retirement Fund purchased a new stake in Union Bankshares during the 2nd quarter valued at approximately $104,000. 14.84% of the stock is 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.