Union Bankshares Inc/Morrisville VT (UNB)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$23.87-0.13%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Intact: The reason to own it still holds.
Union Bankshares keeps paying a steady dividend of $0.36 per share. Net income shows growth with $3.0 million in Q1 2026 and $11.1 million in 2025. The stock trades cheap with a P/E of 9.82, below peers at 11.98. Analysts expect 13% revenue growth next year.
The company faces volatile management and soft guidance. Free cash flow is negative, which may pressure dividends. Earnings growth is uncertain with a soft outlook and recent CEO transitions.
The price is about 5% below our fair value near $26. The market expects 13% revenue growth, which aligns with consensus. Our view is cautious given management volatility and soft guidance.
Breaks if: quarterly dividend falls below $0.36 per share
Breaks if: annual net income falls below $11 million
Breaks if: revenue growth falls below 10% YoY
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable income play with a focus on dividends. The current thesis state is cautious, given management's mixed execution and recent earnings performance.
The market currently prices UNB as a cheap option compared to its peers, with a low expectations gap. There is a recognition of some fragility due to weak execution quality, but overall valuation is justified.
Management is on track to maintain dividends and sustain net income growth, which has been positive recently. However, there is a near-term risk of earnings misses, which could impact performance.
The thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC. If these companies continue to perform well, it could support UNB's growth. Conversely, any negative guidance from these peers could lead to a decline in sentiment.
The most important moves since the prior daily snapshot.
risk label changed from 'moderate' to 'elevated'.
No, our read on the company is unchanged. There are no new supports. There are no new threats. The risk label changed from "moderate" to "elevated." This indicates increased caution around the company's outlook.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: P/E rises above 12
In the next 1 to 3 years, UNB's performance will depend on sector dynamics and management execution. Not investment advice.