Union Bankshares (NASDAQ:UNB) Releases Quarterly Earnings Results

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

Union Bankshares Stock Performance

UNB stock opened at $22.98 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.79. The business has a 50-day moving average price of $23.52 and a 200 day moving average price of $23.94. The company has a market capitalization of $113.75 million, a P/E ratio of 8.80 and a beta of 0.29. Union Bankshares has a 1-year low of $20.65 and a 1-year high of $26.41.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Saturday, October 31st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, October 30th. Union Bankshares’s payout ratio is presently 55.17%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a report on Monday, September 21st. Wall Street Zen upgraded 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 has a consensus rating of “Hold”.

Union Bankshares Company Profile

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.