Union Bankshares (NASDAQ:UNB) Releases Quarterly Earnings Results

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

Union Bankshares Stock Performance

Shares of NASDAQ UNB traded up $0.32 during midday trading on Wednesday, hitting $29.44. The company’s stock had a trading volume of 4,806 shares, compared to its average volume of 7,874. The firm has a market cap of $133.22 million, a P/E ratio of 15.10 and a beta of 0.80. Union Bankshares has a 1-year low of $21.00 and a 1-year high of $37.70. The firm’s fifty day moving average price is $31.58 and its 200-day moving average price is $27.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.