Union Bankshares (NASDAQ:UNB) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Union Bankshares shares fell below their 200-day moving average, trading as low as $23.50 versus the $24.09 average, on relatively light volume of 4,725 shares.
• Analyst sentiment remains neutral: coverage from Weiss Ratings and Wall Street Zen rates the stock “Hold,” with MarketBeat reporting an average Hold rating.
• The company recently paid a quarterly dividend of $0.36, equivalent to $1.44 annually and a 6.1% dividend yield; institutional investors own 14.84% of the stock.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.09 and traded as low as $23.50. Union Bankshares shares last traded at $23.50, with a volume of 4,725 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Union Bankshares in a report on Wednesday, June 24th. Wall Street Zen raised Union Bankshares to a "hold" rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Union Bankshares Stock Performance

The company's 50-day moving average is $24.37 and its two-hundred day moving average is $24.09. The company has a market capitalization of $116.33 million, a P/E ratio of 9.00 and a beta of 0.30. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.18.

Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, July 27th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.1%. Union Bankshares's dividend payout ratio is presently 55.17%.

Institutional Trading of Union Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in UNB. Goldman Sachs Group Inc. bought a new stake in shares of Union Bankshares during the 1st quarter worth $214,000. Jane Street Group LLC bought a new position in Union Bankshares in the first quarter valued at $401,000. Geode Capital Management LLC increased its stake in 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 acquiring an additional 44,298 shares during the last quarter. JPMorgan Chase & Co. raised its position in Union Bankshares by 34,520.0% during the second quarter. JPMorgan Chase & Co. now owns 1,731 shares of the bank's stock valued at $46,000 after purchasing an additional 1,726 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in Union Bankshares during the second quarter valued at about $104,000. Hedge funds and other institutional investors own 14.84% of the company's stock.

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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