Union Bankshares (NASDAQ:UNB) Issues Quarterly Earnings Results

Union Bankshares (NASDAQ:UNB) announced its quarterly earnings results on Wednesday. The bank reported $0.67 earnings per share (EPS) for the quarter, Zacks reports. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Union Bankshares Stock Performance

Shares of NASDAQ UNB traded up $0.43 during trading on Wednesday, reaching $29.55. 6,202 shares of the company traded hands, compared to its average volume of 7,886. Union Bankshares has a 52-week low of $21.00 and a 52-week high of $37.70. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $31.58 and a 200-day simple moving average of $27.55. The stock has a market capitalization of $133.71 million, a PE ratio of 15.15 and a beta of 0.80.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Union Bankshares from a “hold” rating to a “sell” rating in a research note on Monday.

Union Bankshares Company Profile

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.