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

Union Bankshares, Inc. (NASDAQ:UNB)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.37 and traded as low as $23.28. Union Bankshares shares last traded at $23.52, with a volume of 6,933 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Union Bankshares in a report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Union Bankshares Price Performance

The company has a market cap of $107.72 million, a PE ratio of 9.41 and a beta of 0.38. The business has a 50 day moving average of $23.23 and a 200 day moving average of $25.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings data on Friday, November 7th. The bank reported $0.75 earnings per share (EPS) for the quarter. Union Bankshares had a net margin of 13.16% and a return on equity of 15.88%. The business had revenue of $14.51 million for the quarter.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Saturday, October 25th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Friday, October 24th. Union Bankshares’s dividend payout ratio is presently 57.60%.

Institutional Trading of Union Bankshares

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 1,726 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Union Bankshares in the second quarter worth $53,000. Russell Investments Group Ltd. bought a new position in Union Bankshares in the third quarter worth $63,000. New York State Common Retirement Fund bought a new position in Union Bankshares in the second quarter worth $104,000. Finally, Bank of America Corp DE lifted its position 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 buying an additional 1,355 shares during the period. 14.84% of the stock is owned by institutional investors.

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.