Last $24.50 USD
Change Today +0.03 / 0.12%
Volume 400.0
As of 9:56 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

union bankshares inc /vt (UNB) Snapshot

Open
$24.51
Previous Close
$24.47
Day High
$24.51
Day Low
$24.50
52 Week High
01/3/14 - $25.99
52 Week Low
08/26/13 - $20.73
Market Cap
109.3M
Average Volume 10 Days
1.8K
EPS TTM
$1.64
Shares Outstanding
4.5M
EX-Date
07/23/14
P/E TM
14.9x
Dividend
$1.04
Dividend Yield
4.25%
Current Stock Chart for UNION BANKSHARES INC /VT (UNB)

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union bankshares inc /vt (UNB) Details

Union Bankshares, Inc. operates as the bank holding company for Union Bank that offers commercial and retail banking services in northern Vermont and northwestern New Hampshire. The company offers retail depository services, including personal checking accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, IRA/SEP/KEOGH accounts, and health savings accounts. It also provides retail loans consisting of residential mortgage loans, construction loans, home equity loans or lines of credit, traditional installment loans, and personal lines of credit; and commercial loans, including term loans, lines of credit, commercial construction loans, and commercial and multi-family real estate loans, as well as for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors. In addition, the company offers municipal loans, such as term loans and construction financing; SBA guaranteed loans; online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, and night depository; merchant credit card services; business checking accounts; and standby letters of credit, travelers or bank checks, and safe deposit boxes. Further, it provides automated teller machine (ATM) services; debit and ATM cards; telephone and Internet banking services; home improvement loans and overdraft checking facility against preauthorized lines of credit; and customer repurchase agreement sweeps; and trust and asset management services. The company offers retail banking services to individuals; and commercial banking services to small and medium-sized corporations, partnerships, sole proprietorships, nonprofit organizations, local municipalities, and school districts. As of May 9, 2013, it operated 16 banking offices, 1 loan center, and 34 ATMs. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.

188 Employees
Last Reported Date: 03/31/14
Founded in 1891

union bankshares inc /vt (UNB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $259.4K
Vice President and Senior Vice President of U...
Total Annual Compensation: $116.0K
Compensation as of Fiscal Year 2013.

union bankshares inc /vt (UNB) Key Developments

Union Bankshares, Inc. Announces Earnings Results for the Second Quarter and First Six Months Ended June 30, 2014; Declares Quarterly Cash Dividend Payable on August 7, 2014

Union Bankshares, Inc. announced earnings results for the second quarter and first six months ended June 30, 2014. For the quarter, the company announced net income of $1.9 million, or $0.43 per share, compared to $1.8 million, or $0.40 per share, for 2013, an increase of 6.8% quarter over quarter. Results for the second quarter 2014 reflect a year to year increase in net interest income of $189,000, or 3.5%, partially offset by a decrease in noninterest income year over year of $10,000, an increase in noninterest expenses of $48,000, and an increase in the provision for income taxes of $9,000. For the six months, the company announced earnings were $3.7 million, or $0.83 per share, compared to $3.5 million, or $0.79 per share, for 2013, an increase of 4.2% year over year. Net interest income improved $435,000, or 4.0%. This positive change was partially offset by an increase in the provision for loan losses of $15,000, or 11.1%, a decrease in noninterest income of $203,000, or, 4.7%, an increase in noninterest expenses of $58,000 and an increase in the provision for income taxes of $10,000. The company had a book value per share of $11.64 as of June 30, 2014 compared to $10.27 per share at June 30, 2013. The board of directors of Union Bankshares, Inc. declared a quarterly cash dividend of $0.26 per share. The dividend is payable on August 7, 2014 to shareholders of record on July 26, 2014. The quarterly cash dividend for the previous quarter was also $0.26 per share.

Union Bankshares, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014

Union Bankshares, Inc. announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net Income of $1.76 million, or $0.40 per share, compared to $1.74 million, or $0.39 per share, for 2013. Net income increased $27,000 or 1.6%, despite an increase in the provision for loan losses of $15,000 or 25%, a reduction in noninterest income of $193,000 or 8.9%, and an increase in salaries and wages of $90,000 or 4.2%. The company had total capital of $50.8 million with a book value per share of $11.39 as of March 31, 2014 compared to $45.7 million and $10.24 per share at March 31, 2013. The net increase was the result of an increase in salaries and wages of $90,000 for the quarter ended March 31, 2014 compared to the same period for 2013 due to annual salary increases and hiring of employees for open positions in mid 2013 that were vacant during the first quarter of 2013, an increase in occupancy expenses of $8,000 offset by a decrease in pension and employee benefits of $16,000 a decrease in equipment expenses of $39,000 and a decrease of $33,000 in other expenses.

Union Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on May 8, 2014

on April 16, 2014, the board of directors of Union Bankshares, Inc. declared a quarterly cash dividend of $0.26 per share. The dividend is payable on May 8, 2014 to shareholders of record on April 26, 2014. The quarterly cash dividend for the previous quarter was also $0.26 per share.

 

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UNB

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Valuation UNB Industry Range
Price/Earnings 15.6x
Price/Sales 3.7x
Price/Book 2.2x
Price/Cash Flow 15.6x
TEV/Sales 2.2x
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