Union Bankshares (NASDAQ:UNB) Posts Earnings Results

Union Bankshares (NASDAQ:UNB) announced 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 Stock Performance

NASDAQ UNB opened at $29.88 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $135.06 million, a PE ratio of 15.32 and a beta of 0.80. Union Bankshares has a 52-week low of $21.00 and a 52-week high of $37.70. The company has a 50-day simple moving average of $31.59 and a 200 day simple moving average of $27.58.

Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Saturday, January 25th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, January 24th. This represents a $1.44 annualized dividend and a yield of 4.82%. Union Bankshares’s payout ratio is currently 73.85%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of 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.