Union Bankshares (NASDAQ:UNB) Posts Quarterly Earnings Results

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

Union Bankshares Trading Down 1.2%

NASDAQ UNB traded down $0.28 during trading on Wednesday, reaching $22.84. 3,561 shares of the stock traded hands, compared to its average volume of 11,010. The firm has a market cap of $113.08 million, a price-to-earnings ratio of 8.75 and a beta of 0.29. The stock’s 50-day moving average price is $23.55 and its 200 day moving average price is $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. Union Bankshares has a fifty-two week low of $20.65 and a fifty-two week high of $26.41.

Analysts Set New Price Targets

A number of brokerages recently commented on UNB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Union Bankshares in a research note on Monday, September 21st. Wall Street Zen raised Union Bankshares to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average 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.