Union Bankshares (NASDAQ:UNB) Stock Passes Below 200-Day Moving Average – What’s Next?

Union Bankshares, Inc. (NASDAQ:UNB)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.88 and traded as low as $22.83. Union Bankshares shares last traded at $23.05, with a volume of 6,200 shares changing hands.

Wall Street Analysts Forecast Growth

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

Union Bankshares Stock Performance

The company has a 50-day simple moving average of $24.05 and a two-hundred day simple moving average of $23.88. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.20. The firm has a market cap of $106.35 million, a PE ratio of 9.11 and a beta of 0.30.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings data on Thursday, May 7th. The bank reported $0.65 earnings per share 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 announced a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, April 27th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Monday, April 27th. Union Bankshares’s payout ratio is presently 56.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Union Bankshares by 0.3% during 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. State Street Corp raised its stake in Union Bankshares by 1.8% in the 4th quarter. State Street Corp now owns 37,275 shares of the bank’s stock valued at $885,000 after acquiring an additional 649 shares during the period. Geode Capital Management LLC raised its stake in Union Bankshares by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 87,314 shares of the bank’s stock valued at $2,072,000 after acquiring an additional 1,249 shares during the period. Bank of America Corp DE lifted its holdings in Union Bankshares by 30.1% during the second quarter. Bank of America Corp DE now owns 5,861 shares of the bank’s stock valued at $156,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Union Bankshares by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank’s stock valued at $1,015,000 after purchasing an additional 1,707 shares during the last quarter. 14.84% of the stock is owned by institutional investors.

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.