Union Bankshares, Inc. (UNB) Stock

Union Bankshares, Inc. (UNB) is a Financials stock trading at $23.98 (as of 2026-08-21), with a market capitalization of $110.64M and a trailing P/E of 9.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Union Bankshares, Inc. is the bank holding company for Union Bank, offering retail, commercial, and municipal banking services. It provides deposit accounts and lending—including real estate, business, and mortgage-related products—plus online cash management and related services for customers in northern Vermont and New Hampshire.

Understand Union Bankshares, Inc.: how it makes money

Union Bankshares provides retail, commercial, and municipal banking products, taking deposits (like checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, plus certificates of deposit) and making loans (including commercial real estate, business purposes, and SBA-guaranteed lending), with revenue generated through these banking activities.

The companys profit model is structurally tied to originating and holding loans (retail and commercial, including commercial real estate and SBA-related lending) while funding those loans with customer deposits offered through its retail depository services.

Business quality (Mixed): We have a clear description of products and services, and we do have two operating KPI datapoints for the latest quarter, but there is no usable segment breakdown and the provided revenue figure is shown as 0.0B in the snapshot.

Valuation: At 9× earnings, UNB trades 27% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Broad lending and deposit product set: It offers retail depository services and a range of loan types (including commercial real estate, other business-purpose loans, and SBA-guaranteed lending), which can support multiple customer relationships.
Defined local market focus: It operates as a bank holding company serving northern Vermont and New Hampshire, which can help it concentrate on local customer needs across both deposits and lending.

Bear case

Loan demand variability: Because an identified operating KPI is Loan Demand, changes in borrower interest or economic conditions affecting demand could pressure new lending activity.
Limited physical footprint: Banking Offices is 18.0 (latest-quarter value provided), so expansion and market penetration may be constrained relative to banks with larger branch networks.
Geographic concentration risk: The company focuses on northern Vermont and New Hampshire, so local economic cycles and credit conditions could have a larger impact than for more geographically diversified peers.

Valuation — source: SEC EDGAR (first-party)
Price	$23.98
Market Cap	$110.64M
P/E Ratio	9.1
Price / Book	1.22
Price / Sales	1.41
FCF Yield	18.9%
DCF Value (model)	$54.25
DCF Upside vs Price	126.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$75.79M
Net Margin	14.6%
Revenue Growth (YoY)	7.1%
EPS Growth (YoY)	15.1%
FCF Growth (YoY)	-1673.0%

Valuation vs Sector & Industry
Stock P/E	9.1
Sector P/E (Financials)	15.1
Industry P/E (Banking)	13.0
vs Sector	-39.5%
vs Industry	-29.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock Fund Advisors ($5.14M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	David Scott Silverman
Employees	191
Country	US
IPO Date	1999-08-09

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.