Union Bankshares (NASDAQ:UNB) Issues Quarterly Earnings Results

Union Bankshares (NASDAQ:UNB) released its quarterly earnings data on Wednesday. The bank reported $0.77 EPS for the quarter, Zacks reports. The firm had revenue of $12.47 million during the quarter. Union Bankshares had a net margin of 12.68% and a return on equity of 14.82%.

Union Bankshares Stock Performance

Shares of UNB opened at $22.82 on Friday. The stock’s 50-day simple moving average is $23.49 and its 200 day simple moving average is $23.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.79 and a current ratio of 0.80. Union Bankshares has a 52-week low of $20.65 and a 52-week high of $26.41. The stock has a market capitalization of $112.96 million, a price-to-earnings ratio of 8.74 and a beta of 0.29.

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 paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, October 30th. Union Bankshares’s payout ratio is currently 55.17%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UNB shares. Wall Street Zen upgraded 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 report on Monday, September 21st. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Union Bankshares presently 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.