Union Bankshares (NASDAQ:UNB) Issues Quarterly Earnings Results

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

Union Bankshares Stock Down 1.2%

Shares of NASDAQ:UNB traded down $0.28 during midday trading on Wednesday, reaching $22.84. 3,561 shares of the company were exchanged, compared to its average volume of 11,010. The firm has a market cap of $113.08 million, a PE ratio of 8.75 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 stock has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $23.95. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Union Bankshares to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Union Bankshares in a research report on Monday, September 21st. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Union Bankshares

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.