The President & CEO of Union Bankshares Inc is Exercising Options

Today it was reported that the President & CEO of Union Bankshares Inc (UNB), David Scott Silverman, exercised options to buy 1,000 UNB shares at $22.00 a share, for a total transaction value of $22K.

This recent transaction increases David Scott Silverman’s holding in the company by 7.97% to a total of $636.9K. Following David Scott Silverman’s last UNB Buy transaction on July 19, 2017, the stock climbed by 4.2%.

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Based on Union Bankshares Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $10.55 million and quarterly net profit of $2.31 million. In comparison, last year the company earned revenue of $10 million and had a net profit of $1.92 million. UNB’s market cap is $210M and the company has a P/E ratio of 22.22. Currently, Union Bankshares Inc has an average volume of 764.

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Union Bankshares, Inc. (Vermont) 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 1982 and is headquartered in Morrisville, VT.

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