Union Bankshares (NASDAQ:UNB) Shares Pass Below 200-Day Moving Average – Should You 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.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen upgraded Union Bankshares to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Union Bankshares in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Union Bankshares has a consensus rating of “Hold”.

Union Bankshares Price Performance

The company has a market cap of $114.00 million, a PE ratio of 9.96 and a beta of 0.39. 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 50-day moving average is $23.80 and its 200 day moving average is $24.81.

Union Bankshares (NASDAQ:UNB) last posted 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 during the quarter. Union Bankshares had a return on equity of 15.88% and a net margin of 13.16%.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Saturday, January 31st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, January 30th. Union Bankshares’s dividend payout ratio (DPR) is currently 57.60%.

Hedge Funds Weigh In On Union Bankshares

Several institutional investors and hedge funds have recently modified their holdings of UNB. JPMorgan Chase & Co. grew its holdings in shares of Union Bankshares by 34,520.0% during the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank’s stock worth $46,000 after buying an additional 1,726 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Union Bankshares in the 2nd quarter valued at $53,000. Russell Investments Group Ltd. purchased a new position in shares of Union Bankshares during the 3rd quarter worth $63,000. New York State Common Retirement Fund acquired a new position in shares of Union Bankshares during the 2nd quarter valued at about $104,000. Finally, Bank of America Corp DE raised its stake 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 worth $156,000 after purchasing an additional 1,355 shares during the period. Hedge funds and other 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.