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UNB

Union Bankshares NasdaqGM:UNB Stock Report

Last Price

US$28.85

Market Cap

US$129.7m

7D

-0.5%

1Y

-15.9%

Updated

21 May, 2022

Data

Company Financials
UNB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

UNB Stock Overview

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.

Rewards

Trading at 57.5% below our estimate of its fair value

Pays a high and reliable dividend of 4.85%

Risk Analysis

No risks detected for UNB from our risk checks.

Union Bankshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Union Bankshares
Historical stock prices
Current Share PriceUS$28.85
52 Week HighUS$37.99
52 Week LowUS$27.39
Beta0.81
1 Month Change-7.83%
3 Month Change-7.13%
1 Year Change-15.89%
3 Year Change-20.92%
5 Year Change-27.88%
Change since IPO232.89%

Recent News & Updates

Jan 23
Union Bankshares (NASDAQ:UNB) Has Announced That It Will Be Increasing Its Dividend To US$0.35

Union Bankshares (NASDAQ:UNB) Has Announced That It Will Be Increasing Its Dividend To US$0.35

Union Bankshares, Inc. ( NASDAQ:UNB ) will increase its dividend on the 3rd of February to US$0.35. This will take the...

Shareholder Returns

UNBUS BanksUS Market
7D-0.5%-1.5%-2.7%
1Y-15.9%-19.9%-12.9%

Return vs Industry: UNB exceeded the US Banks industry which returned -19.9% over the past year.

Return vs Market: UNB underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is UNB's price volatile compared to industry and market?
UNB volatility
UNB Average Weekly Movement3.1%
Banks Industry Average Movement4.0%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: UNB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: UNB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1891194David Silvermanhttps://www.ublocal.com

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. The company also provides commercial real estate loans; commercial loans for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors; small business administration guaranteed loans; home improvement loans and overdraft; and residential construction and mortgage loans.

Union Bankshares Fundamentals Summary

How do Union Bankshares's earnings and revenue compare to its market cap?
UNB fundamental statistics
Market CapUS$129.70m
Earnings (TTM)US$12.78m
Revenue (TTM)US$48.74m

10.2x

P/E Ratio

1.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UNB income statement (TTM)
RevenueUS$48.74m
Cost of RevenueUS$0
Gross ProfitUS$48.74m
Other ExpensesUS$35.96m
EarningsUS$12.78m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.84
Gross Margin100.00%
Net Profit Margin26.21%
Debt/Equity Ratio23.3%

How did UNB perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is Union Bankshares undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: UNB ($28.85) is trading below our estimate of fair value ($67.96)

Significantly Below Fair Value: UNB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UNB is poor value based on its PE Ratio (10.2x) compared to the US Banks industry average (9.7x).

PE vs Market: UNB is good value based on its PE Ratio (10.2x) compared to the US market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UNB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UNB is overvalued based on its PB Ratio (1.9x) compared to the US Banks industry average (1.1x).


Future Growth

How is Union Bankshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.1%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Union Bankshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Union Bankshares performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UNB has high quality earnings.

Growing Profit Margin: UNB's current net profit margins (26.2%) are lower than last year (29%).


Past Earnings Growth Analysis

Earnings Trend: UNB's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: UNB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UNB had negative earnings growth (-5.3%) over the past year, making it difficult to compare to the Banks industry average (20.9%).


Return on Equity

High ROE: UNB's Return on Equity (18.4%) is considered low.


Financial Health

How is Union Bankshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: UNB's Assets to Equity ratio (17.8x) is moderate.

Allowance for Bad Loans: UNB has a sufficient allowance for bad loans (180%).

Low Risk Liabilities: 97% of UNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: UNB has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: UNB's Loans to Deposits ratio (72%) is appropriate.

Level of Bad Loans: UNB has an appropriate level of bad loans (0.6%).


Dividend

What is Union Bankshares's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: UNB's dividend (4.85%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: UNB's dividend (4.85%) is in the top 25% of dividend payers in the US market (4.11%)


Stability and Growth of Payments

Stable Dividend: UNB's dividends per share have been stable in the past 10 years.

Growing Dividend: UNB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.1%), UNB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.0yrs

Average management tenure


CEO

David Silverman (60 yo)

11.08yrs

Tenure

US$740,688

Compensation

Mr. David Scott Silverman has been Chief Executive Officer of Union Bankshares, Inc., since May 16, 2012 and also serves as President and Chief Executive Officer of its subsidiary Union Bank. Mr. Silverman...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD740.69K) is about average for companies of similar size in the US market ($USD771.12K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: UNB's management team is seasoned and experienced (9 years average tenure).


Board Members

Experienced Board: UNB's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: UNB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Union Bankshares, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Union Bankshares, Inc.
  • Ticker: UNB
  • Exchange: NasdaqGM
  • Founded: 1891
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$129.700m
  • Shares outstanding: 4.50m
  • Website: https://www.ublocal.com

Number of Employees


Location

  • Union Bankshares, Inc.
  • 20 Lower Main Street
  • PO Box 667
  • Morrisville
  • Vermont
  • 05661-0667
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.