Union Bankshares (NASDAQ:UNB) Issues Earnings Results

Union Bankshares (NASDAQ:UNB) issued its quarterly earnings data on Wednesday. The bank reported $0.55 earnings per share for the quarter, Zacks reports. Union Bankshares had a net margin of 11.74% and a return on equity of 13.09%.

Union Bankshares Stock Performance

Shares of UNB traded up $1.94 during mid-day trading on Wednesday, reaching $30.99. 15,433 shares of the company’s stock were exchanged, compared to its average volume of 7,371. The business’s fifty day simple moving average is $30.13 and its 200-day simple moving average is $30.20. The stock has a market capitalization of $140.66 million, a PE ratio of 15.97 and a beta of 0.58. Union Bankshares has a 52-week low of $21.00 and a 52-week high of $37.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82.

Analysts Set New Price Targets

Separately, StockNews.com cut Union Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd.

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.