Union Bankshares (NASDAQ:UNB) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• Technical: UNB recently crossed above its 50-day moving average ($24.00), trading as high as $25.10 and last at $24.63 on a volume of 10,363 shares.
• Dividend: The board declared a $0.36 quarterly dividend (annualized $1.44), with an ex-dividend date of April 27 and a yield of about 5.8% (payout ratio 59.26%).
• Analyst/financial snapshot: Consensus rating is "Hold," with a market cap of $113.5M, P/E of 10.14, ROE of 14.78%, and low leverage (debt/equity 0.20).

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.00 and traded as high as $25.10. Union Bankshares shares last traded at $24.63, with a volume of 10,363 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UNB shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Union Bankshares in a report on Friday, March 27th. Wall Street Zen upgraded Union Bankshares to a "hold" rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Union Bankshares presently has a consensus rating of "Hold".

Union Bankshares Stock Down 1.4%

The firm has a 50-day moving average of $24.00 and a 200 day moving average of $23.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.78. The stock has a market capitalization of $113.54 million, a price-to-earnings ratio of 10.14 and a beta of 0.36.

Union Bankshares (NASDAQ:UNB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The bank reported $999.00 EPS for the quarter. Union Bankshares had a return on equity of 14.78% and a net margin of 12.75%.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, April 27th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $1.44 annualized dividend and a yield of 5.8%. Union Bankshares's dividend payout ratio is 59.26%.

Institutional Trading of Union Bankshares

A number of hedge funds have recently made changes to their positions in UNB. Geode Capital Management LLC lifted its position 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 valued at $2,298,000 after buying an additional 44,298 shares during the last quarter. TrueMark Investments LLC acquired a new stake in shares of Union Bankshares in the third quarter valued at approximately $370,000. Goldman Sachs Group Inc. acquired a new stake in shares of Union Bankshares in the fourth quarter valued at approximately $311,000. Jane Street Group LLC acquired a new stake in shares of Union Bankshares in the first quarter valued at approximately $401,000. Finally, Cardinal Capital Management lifted its position in shares of Union Bankshares by 13.8% in the third quarter. Cardinal Capital Management now owns 96,203 shares of the bank's stock valued at $2,382,000 after buying an additional 11,692 shares during the last quarter. 14.84% of the stock is owned by institutional investors and hedge funds.

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.

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