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

Union Bankshares, Inc. (NASDAQ:UNB) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.27 and traded as low as $23.50. Union Bankshares shares last traded at $23.55, with a volume of 2,779 shares.

Wall Street Analyst Weigh In

UNB has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Union Bankshares in a research report on Monday, December 29th. Wall Street Zen raised shares of Union Bankshares to a “hold” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Union Bankshares presently has an average rating of “Hold”.

Union Bankshares Stock Down 1.9%

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s fifty day simple moving average is $24.34 and its 200-day simple moving average is $24.27. The stock has a market cap of $107.86 million, a P/E ratio of 9.69 and a beta of 0.42.

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

Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Saturday, January 31st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, January 30th. Union Bankshares’s dividend payout ratio is presently 59.26%.

Hedge Funds Weigh In On Union Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Union Bankshares by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 185,095 shares of the bank’s stock worth $4,583,000 after acquiring an additional 529 shares during the period. Cardinal Capital Management boosted its stake in Union Bankshares by 13.8% during the 3rd quarter. Cardinal Capital Management now owns 96,203 shares of the bank’s stock valued at $2,382,000 after purchasing an additional 11,692 shares during the period. Geode Capital Management LLC grew its position in Union Bankshares by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 87,314 shares of the bank’s stock worth $2,072,000 after purchasing an additional 1,249 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 1,707 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Union Bankshares by 1.8% in the fourth quarter. State Street Corp now owns 37,275 shares of the bank’s stock valued at $885,000 after purchasing an additional 649 shares during the period. Institutional investors and hedge funds own 14.84% of the company’s stock.

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.