Union Bankshares (NASDAQ:UNB) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.Get Union Bankshares alerts:Wall Street Analyst Weigh InSeparately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Union Bankshares in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".Check Out Our Latest Analysis on UNBUnion Bankshares Stock PerformanceThe company has a market capitalization of $107.72 million, a price-to-earnings ratio of 9.41 and a beta of 0.38. The stock's 50 day moving average price is $23.23 and its 200 day moving average price is $25.37. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. Union Bankshares (NASDAQ:UNB - Get Free Report) last released its earnings results on Friday, November 7th. The bank reported $0.75 earnings per share (EPS) for the quarter. Union Bankshares had a return on equity of 15.88% and a net margin of 13.16%.The business had revenue of $14.51 million for the quarter. Union Bankshares Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Saturday, October 25th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend 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 BanksharesA number of large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Union Bankshares in the 3rd quarter valued at about $248,000. Russell Investments Group Ltd. acquired a new stake in Union Bankshares in the 3rd quarter valued at about $63,000. Dimensional Fund Advisors LP grew its holdings in Union Bankshares by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 40,990 shares of the bank's stock worth $1,015,000 after purchasing an additional 1,707 shares during the period. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 529 shares during the period. Finally, TrueMark Investments LLC acquired a new position in Union Bankshares during the third quarter worth approximately $370,000. Institutional investors and hedge funds own 14.84% of the company's stock. Union Bankshares Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Union BanksharesDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Do you know what Amazon is planning for January 1?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis 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.Should You Invest $1,000 in Union Bankshares Right Now?Before you consider Union Bankshares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Union Bankshares wasn't on the list.While Union Bankshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here