Union Bankshares (NASDAQ:UNB) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Union Bankshares shares fell below their 200-day moving average, trading as low as $23.75 versus the $24.03 average, with the latest price at $23.87 on volume of 4,370 shares.
• Analyst sentiment remains neutral: research firms have issued or reiterated Hold ratings, and the stock has an average rating of “Hold.”
• The company paid a quarterly dividend of $0.36 per share, equivalent to a $1.44 annualized payout and a 6.0% yield; institutional investors own 14.84% of the stock.

Union Bankshares, Inc. (NASDAQ:UNB - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.03 and traded as low as $23.75. Union Bankshares shares last traded at $23.87, with a volume of 4,370 shares.

Analyst Ratings Changes

Several research firms have recently issued reports on UNB. Weiss Ratings reiterated 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 report 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 Trading Up 0.5%

The company has a market cap of $118.16 million, a P/E ratio of 9.15 and a beta of 0.30. The stock's 50 day moving average is $24.11 and its 200-day moving average is $24.03. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.18.

Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders 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 annualized dividend and a yield of 6.0%. Union Bankshares's payout ratio is 55.17%.

Institutional Investors Weigh In On Union Bankshares

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in Union Bankshares in the 2nd quarter worth approximately $225,000. Hsbc Holdings PLC bought a new position in Union Bankshares in the 2nd quarter valued at approximately $252,000. Trust Co. of Vermont purchased a new stake in Union Bankshares during the 2nd quarter valued at $711,000. Finally, BlackRock Inc. purchased a new stake in Union Bankshares during the 2nd quarter valued at $1,600,000. 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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