Union Bankshares (NASDAQ:UNB) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Union Bankshares, Inc. (NASDAQ:UNB) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.87 and traded as low as $23.81. Union Bankshares shares last traded at $23.85, with a volume of 3,274 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Union Bankshares in a report on Friday, March 27th. Wall Street Zen raised Union Bankshares to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Union Bankshares currently has an average rating of “Hold”.

Union Bankshares Stock Performance

The firm has a fifty day simple moving average of $24.07 and a 200-day simple moving average of $23.87. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The stock has a market cap of $109.95 million, a price-to-earnings ratio of 9.43 and a beta of 0.33.

Union Bankshares (NASDAQ:UNB) last posted its quarterly earnings data on Thursday, May 7th. The bank reported $0.65 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 15.13% and a net margin of 13.13%.The firm had revenue of $11.60 million for the quarter.

Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, April 27th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $1.44 annualized dividend and a yield of 6.0%. Union Bankshares’s dividend payout ratio is currently 56.92%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UNB. Geode Capital Management LLC lifted its holdings in Union Bankshares by 105.4% during the 2nd quarter. Geode Capital Management LLC now owns 86,310 shares of the bank’s stock worth $2,298,000 after buying an additional 44,298 shares in the last quarter. TrueMark Investments LLC acquired a new position in Union Bankshares during the 3rd quarter worth $370,000. Goldman Sachs Group Inc. acquired a new position in Union Bankshares during the 4th quarter worth $311,000. Jane Street Group LLC acquired a new position in Union Bankshares during the 1st quarter worth $401,000. Finally, Citadel Advisors LLC acquired a new position in Union Bankshares during the 3rd quarter worth $248,000. Institutional investors and hedge funds 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.