UNB Union Bankshares, Inc.

Union Bankshares, Inc. operates as a one-bank holding company for Union Bank, which engages in the provision of commercial and retail banking services. It offers commercial and retail lending services, municipal banking services, asset management services, commercial business loans, commercial and residential real estate construction loans, commercial and residential real estate mortgage loans, loan participations, consumer loans, revolving lines of credit and letters of credit. The company was founded in 1891 and is headquartered in Morrisville, VT.

Company profile

Ticker

UNB

Exchange

NASDAQ

Website

www.unionbankvt.com

CEO

David Scott Silverman

Incorporated in

Vermont

Location

Vermont

Fiscal year end

Dec 31

Sector

Finance > Regional Banks

Industry (SEC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Northern Trust • M&T Bank • State Street • Ally Financial • Popular • First Citizens BancShares • East West Bancorp • Commerce Bancshares ...

SEC CIK

0000706863

Corporate docs

Articles of Incorporation & Bylaws

IRS number

30283552

UNB stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

8 May 20

5 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart UNB financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	8.96M	9.29M	9.13M	8.92M
Net income	2.2M	2.76M	2.74M	2.53M
Net profit margin	24.50%	29.69%	29.99%	28.35%

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	36M	32.18M	29.02M	26.84M
Net income	10.65M	7.07M	8.45M	8.51M
Net profit margin	29.58%	21.98%	29.12%	31.71%

Financial data from company earnings reports

Recent insider trades

UNB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	#Shares	#Remaining
22 May 20	Steel John H	Common Stock	Grant	Aquire A	No	269	7,407
22 May 20	Sargent Timothy Willis	Common Stock	Grant	Aquire A	No	269	2,312
22 May 20	Bourgeois Steven J	Common Stock	Grant	Aquire A	No	269	2,407
22 May 20	Goodrich John M	Common Stock	Grant	Aquire A	No	269	1,507
22 May 20	Bugbee Dawn D	Common Stock	Grant	Aquire A	No	269	1,441

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

UNB institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	35	44	-20.5%
Opened positions	1	4	-75.0%
Closed positions	10	1	+900.0%
Increased positions	16	17	-5.9%
Reduced positions	9	12	-25.0%

13F shares	Current	Prev Q	Change
Total value	44.22M	59.26M	-25.4%
Total shares	733.68K	763.37K	-3.9%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK BlackRock	188.83K	$4.25M	+0.5%
Vanguard	116.52K	$2.62M	+0.4%
STT State Street	63.01K	$1.42M	+3.4%
Spears Abacus Advisors	53.01K	$1.19M	+0.8%
Geode Capital Management	51.2K	$1.15M	+3.4%
NTRS Northern Trust	48.28K	$1.09M	+10.5%
Trust Co Of Vermont	30.24K	$681K	+5.0%
Dimensional Fund Advisors	28.42K	$639K	0.0%
BK Bank Of New York Mellon	26.24K	$590K	-2.7%
Renaissance Technologies	24.3K	$547K	+3.8%

Largest transactions	Shares	Bought/sold	Change
FNY Investment Advisers	0	-18.36K	EXIT
Bridgeway Capital Management	0	-7.42K	EXIT
Nuveen Asset Management	0	-6.61K	EXIT
Trust Co Of Virginia	0	-5.97K	EXIT
Rhumbline Advisers	0	-5.84K	EXIT
NTRS Northern Trust	48.28K	+4.58K	+10.5%
BAC Bank of America	7.42K	+3.85K	+107.4%
BCS Barclays	1.29K	-2.62K	-67.0%
UBS UBS	4.95K	-2.35K	-32.2%
STT State Street	63.01K	+2.06K	+3.4%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

The ongoing COVID-19 pandemic and measures intended to prevent its spread could have a material adverse effect on our business, results of operations and financial condition, and such effects will depend on future developments, which are highly uncertain and are difficult to predict.

Management Discussion

Please refer to Note 1 in the Company's unaudited interim consolidated financial statements at Part I, Item 1 of this Report for definitions of acronyms, abbreviations and capitalized terms used throughout the following discussion and analysis.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2020 Q1