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

Union Bankshares, Inc. (NASDAQ:UNB) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $23.98 and traded as low as $23.93. Union Bankshares shares last traded at $24.74, with a volume of 6,037 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Union Bankshares in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Union Bankshares presently has an average rating of “Hold”.

Union Bankshares Trading Up 3.4%

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50-day moving average of $23.92 and a 200-day moving average of $23.98. The firm has a market cap of $114.05 million, a price-to-earnings ratio of 9.78 and a beta of 0.30.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Thursday, May 7th. The bank reported $0.65 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 14.94% and a net margin of 13.13%.The business had revenue of $25.08 million for the quarter.

Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Monday, April 27th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, April 27th. 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 56.92%.

Institutional Trading of Union Bankshares

A number of large investors have recently added to or reduced their stakes in UNB. JPMorgan Chase & Co. increased 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. Kestra Advisory Services LLC bought a new position in Union Bankshares during the fourth quarter worth about $42,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Union Bankshares during the second quarter worth approximately $53,000. Russell Investments Group Ltd. acquired a new position in Union Bankshares during the third quarter worth approximately $63,000. Finally, New York State Common Retirement Fund bought a new stake in Union Bankshares in the second quarter valued at approximately $104,000. 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.