Union Bankshares (NASDAQ:UNB) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Union Bankshares shares crossed below their 200‑day moving average
• The company reported quarterly EPS of $0.60 and revenue of $28.16M, has a market cap of $106.7M and a P/E of 9.53, and pays a quarterly dividend of $0.36 (annualized $1.44) for a 6.2% yield with a ~59% payout ratio.
• Analysts' consensus is a Hold rating, and institutional investors own about 14.8% of the stock, with several funds (Vanguard, Cardinal, Geode, Dimensional, State Street) modestly increasing positions recently.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.05 and traded as low as $23.01. Union Bankshares shares last traded at $23.15, with a volume of 2,252 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Union Bankshares in a research report on Monday, December 29th. Wall Street Zen raised shares of Union Bankshares to a "hold" rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Union Bankshares has an average rating of "Hold".

Union Bankshares Stock Performance

The company has a market cap of $106.72 million, a price-to-earnings ratio of 9.53 and a beta of 0.42. The firm has a 50-day simple moving average of $24.12 and a 200 day simple moving average of $24.05. The company has a quick ratio of 0.82, a current ratio of 0.79 and a debt-to-equity ratio of 0.20.

Union Bankshares (NASDAQ:UNB - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.60 earnings per share for the quarter. The business had revenue of $28.16 million during the quarter. Union Bankshares had a return on equity of 14.78% and a net margin of 12.75%.

Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Saturday, January 31st were paid a dividend of $0.36 per share. The ex-dividend date was Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a yield of 6.2%. Union Bankshares's dividend payout ratio is currently 59.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Union Bankshares by 0.3% during the third quarter. Vanguard Group Inc. now owns 185,095 shares of the bank's stock worth $4,583,000 after buying an additional 529 shares during the period. Cardinal Capital Management grew its holdings in shares of Union Bankshares by 13.8% during the third quarter. Cardinal Capital Management now owns 96,203 shares of the bank's stock worth $2,382,000 after buying an additional 11,692 shares during the last quarter. Geode Capital Management LLC increased its position in Union Bankshares by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 87,314 shares of the bank's stock valued at $2,072,000 after acquiring an additional 1,249 shares during the period. Dimensional Fund Advisors LP raised its stake in Union Bankshares by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank's stock valued at $1,015,000 after acquiring an additional 1,707 shares during the last quarter. Finally, State Street Corp raised its stake in Union Bankshares by 1.8% during the 4th quarter. State Street Corp now owns 37,275 shares of the bank's stock valued at $885,000 after acquiring an additional 649 shares during the last quarter. 14.84% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.