Union Bankshares Enters Equity Distribution Agreement

Union Bankshares ( (UNB) ) has provided an update.

On May 20, 2025, Union Bankshares, Inc. entered into an Equity Distribution Agreement with Piper Sandler & Co. to potentially sell up to $40 million in common stock. The proceeds from this offering are intended for general corporate purposes, including supporting Union Bank’s operations and strategic initiatives.

Spark’s Take on UNB Stock

According to Spark, TipRanks’ AI Analyst, UNB is a Neutral.

Union Bankshares demonstrates solid financial stability and operational efficiency, which are crucial strengths in the current banking environment. The stock’s technical indicators suggest cautious optimism, while the valuation remains attractive with a reasonable P/E ratio and a high dividend yield. These factors contribute to a balanced stock score, reflecting both strengths and areas to watch for potential risks.

To see Spark’s full report on UNB stock, click here.

More about Union Bankshares

Union Bankshares, Inc. operates in the financial services industry, primarily offering banking services through its wholly-owned subsidiary, Union Bank. The company focuses on lending, investing, and other banking activities, and aims to support its operations through strategic initiatives and acquisitions.

Average Trading Volume: 10,418

Technical Sentiment Signal: Buy

Current Market Cap: $155M

Learn more about UNB stock on TipRanks’ Stock Analysis page.