Union Bankshares (NASDAQ:UNB) Posts Earnings Results

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

Union Bankshares Price Performance

Shares of Union Bankshares stock traded up $0.32 during trading on Wednesday, hitting $29.44. The stock had a trading volume of 4,806 shares, compared to its average volume of 7,874. The business has a fifty day moving average of $31.58 and a two-hundred day moving average of $27.55. Union Bankshares has a fifty-two week low of $21.00 and a fifty-two week high of $37.70. The firm has a market cap of $133.22 million, a P/E ratio of 15.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82.

Analyst Upgrades and Downgrades

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

About Union Bankshares

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.