Union Bankshares (NASDAQ:UNB) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Union Bankshares, Inc. (NASDAQ:UNB)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.87 and traded as low as $23.25. Union Bankshares shares last traded at $23.56, with a volume of 8,067 shares trading hands.

Analysts Set New Price Targets

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 MarketBeat, Union Bankshares presently has an average rating of “Hold”.

Union Bankshares Trading Up 0.6%

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 simple moving average of $24.04 and a two-hundred day simple moving average of $23.87. The stock has a market cap of $108.61 million, a price-to-earnings ratio of 9.31 and a beta of 0.33.

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

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. This represents a $1.44 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, April 27th. Union Bankshares’s dividend payout ratio is currently 56.92%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UNB. Kestra Advisory Services LLC bought a new stake in shares of Union Bankshares in the fourth quarter valued at about $42,000. JPMorgan Chase & Co. raised its stake in Union Bankshares by 34,520.0% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Union Bankshares in the 2nd quarter worth about $53,000. Russell Investments Group Ltd. bought a new stake in Union Bankshares in the 3rd quarter valued at about $63,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Union Bankshares during the 2nd quarter worth approximately $104,000. 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.