Alert: New Earnings Report (4/17/24)-Union Bankshares Inc (NASDAQ: UNB).

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For its first fiscal quarter (ending March 31), Union Bankshares Inc (NASDAQ: UNB) has reported E.P.S. of $0.53 compared to $0.66 a year ago. For the latest four quarters through March 31, E.P.S. were $2.37 versus $2.92 for the same period a year ago.

Recent Price Action

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Union Bankshares Inc (NASDAQ: UNB) stock closed at $27.02 on 4/17/24 after a slight gain of 0.04%. Trading volume in this advance was normal. The stock has declined -10.2% during the last week but has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

UNB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Union Bankshares has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Union Bankshares has a neutral Appreciation Score of 47 but a very high Power Rating of 92, producing the Positive Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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