Union Bankshares (NASDAQ:UNB) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Union Bankshares, Inc. (NASDAQ:UNB)’s share price 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.

Analyst Ratings Changes

UNB has been the topic of a number of recent analyst reports. 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 report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Union Bankshares Price Performance

The stock’s 50 day simple moving average is $23.80 and its 200-day simple moving average is $24.82. The firm has a market cap of $114.00 million, a price-to-earnings ratio of 9.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82.

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

Union Bankshares Announces Dividend

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

Institutional Investors Weigh In On Union Bankshares

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in 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 buying an additional 529 shares during the period. Cardinal Capital Management boosted its holdings in shares of Union Bankshares by 13.8% in the 3rd quarter. Cardinal Capital Management now owns 96,203 shares of the bank’s stock valued at $2,382,000 after acquiring an additional 11,692 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Union Bankshares by 105.4% in the second quarter. Geode Capital Management LLC now owns 86,310 shares of the bank’s stock worth $2,298,000 after acquiring an additional 44,298 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Union Bankshares by 4.3% in the third 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 during the period. Finally, TrueMark Investments LLC purchased a new position in shares of Union Bankshares during the third quarter worth $370,000. Hedge funds and other institutional investors 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.