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

Union Bankshares, Inc. (NASDAQ:UNB) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.82 and traded as low as $24.76. Union Bankshares shares last traded at $24.89, with a volume of 17,019 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Union Bankshares to a “hold” rating in a 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 data from MarketBeat.com, the company currently has an average rating of “Hold”.

Union Bankshares Price Performance

The firm has a fifty day simple moving average of $23.80 and a two-hundred day simple moving average of $24.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $114.00 million, a PE ratio of 9.96 and a beta of 0.39.

Union Bankshares (NASDAQ:UNB) last announced its quarterly earnings results on Friday, November 7th. The bank reported $0.75 EPS for the quarter. The firm had revenue of $14.51 million during the quarter. Union Bankshares had a net margin of 13.16% and a return on equity of 15.88%.

Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Saturday, January 31st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a yield of 5.8%. Union Bankshares’s payout ratio is presently 57.60%.

Hedge Funds Weigh In On Union Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Union Bankshares by 0.3% during the third quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock valued at $4,583,000 after buying an additional 529 shares during the period. Bank of America Corp DE increased its holdings in shares of Union Bankshares by 30.1% in the 2nd quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock valued at $156,000 after acquiring an additional 1,355 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Union Bankshares by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock worth $1,015,000 after acquiring an additional 1,707 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Union Bankshares by 34,520.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock worth $46,000 after purchasing an additional 1,726 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Union Bankshares during the 2nd quarter worth $53,000. Institutional investors own 14.84% of the company’s stock.

About Union Bankshares

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.