Union Bankshares (NASDAQ:UNB) Announces Quarterly Earnings Results

by · The Markets Daily

Union Bankshares (NASDAQ:UNB – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.77 earnings per share for the quarter, Zacks reports. The firm had revenue of $12.47 million during the quarter. Union Bankshares had a net margin of 13.50% and a return on equity of 14.70%.

Union Bankshares Price Performance

UNB stock traded down $0.15 during midday trading on Wednesday, hitting $22.98. 3,561 shares of the stock were exchanged, compared to its average volume of 11,012. The stock’s 50-day moving average price is $23.55 and its 200-day moving average price is $23.95. The stock has a market cap of $113.75 million, a price-to-earnings ratio of 8.80 and a beta of 0.29. Union Bankshares has a fifty-two week low of $20.65 and a fifty-two week high of $26.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.79 and a current ratio of 0.80.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UNB shares. Weiss Ratings reissued a “hold (c)” rating on shares of Union Bankshares in a research report on Monday, September 21st. Wall Street Zen raised shares of Union Bankshares to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

Check Out Our Latest Report on UNB

Union Bankshares Company Profile

(Get Free Report)

Union Bankshares, Inc is the bank holding company for Union Bank, a community-focused financial institution headquartered in Morrisville, Vermont. Through Union Bank, the company provides banking services to individuals, families, businesses and municipalities in northern Vermont and northern New Hampshire.

Union Bank’s offerings include checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending and other financing solutions.

Featured Stories