Union Bankshares (NASDAQ:UNB) Stock Price Crosses Below 200-Day Moving Average of $24.59

Shares of Union Bankshares, Inc. (NASDAQ:UNB – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.59 and traded as low as $20.15. Union Bankshares shares last traded at $22.22, with a volume of 49,076 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNB. StockNews.com began coverage on Union Bankshares in a research note on Monday, March 6th. They set a “hold” rating for the company. TheStreet cut Union Bankshares from a “b-” rating to a “c+” rating in a research note on Thursday, December 22nd.

Union Bankshares Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a 50 day simple moving average of $25.38 and a two-hundred day simple moving average of $24.59. The company has a market cap of $99.75 million, a PE ratio of 7.91 and a beta of 0.81.

Union Bankshares (NASDAQ:UNB – Get Rating) last released its earnings results on Wednesday, January 18th. The bank reported $0.77 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 21.11% and a net margin of 24.55%.

Union Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 2nd. Stockholders of record on Saturday, January 28th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, January 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.48%. This is a positive change from Union Bankshares’s previous quarterly dividend of $0.35. Union Bankshares’s payout ratio is presently 51.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its holdings in Union Bankshares by 13.9% in the first quarter. State Street Corp now owns 8,445 shares of the bank’s stock valued at $260,000 after purchasing an additional 1,033 shares during the last quarter. Millennium Management LLC lifted its position in shares of Union Bankshares by 8.5% in the second quarter. Millennium Management LLC now owns 7,763 shares of the bank’s stock valued at $203,000 after acquiring an additional 610 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Union Bankshares in the fourth quarter valued at $183,000. Tower Research Capital LLC TRC lifted its position in shares of Union Bankshares by 617.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,205 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,037 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Union Bankshares by 2.4% in the fourth quarter. LPL Financial LLC now owns 19,154 shares of the bank’s stock valued at $460,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 11.50% of the company’s stock.

About Union Bankshares

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Union Bankshares, Inc operates as a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and asset management & trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans.