Union Bankshares (NASDAQ:UNB) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Union Bankshares, Inc. (NASDAQ:UNB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Union Bankshares Stock Up 4.9%

The business’s fifty day moving average price is $23.93 and its two-hundred day moving average price is $23.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $120.78 million, a P/E ratio of 10.36 and a beta of 0.30.

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

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, April 27th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, April 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.5%. Union Bankshares’s dividend payout ratio (DPR) is currently 56.92%.

Institutional Trading of Union Bankshares

Several large investors have recently added to or reduced their stakes in UNB. Goldman Sachs Group Inc. acquired a new stake in shares of Union Bankshares during the first quarter worth about $214,000. Jane Street Group LLC acquired a new stake in shares of Union Bankshares in the first quarter worth $401,000. 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. JPMorgan Chase & Co. raised 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 purchasing an additional 1,726 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of Union Bankshares during the second quarter worth $104,000. 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.