Union Bankshares Cp (UBSH) 27.83 $UBSH
Union Bankshares Corporation Names John C. Asbury President; To Succeed G. William Beale as CEO in 2017
GlobeNewswire - Wed Aug 24, 7:00AM CDT
The Board of Directors of Union Bankshares Corporation ("Union"
today announced that G. William ("Billy" Beale, 66, will step down as Chief Executive Officer ("CEO" on January 2, 2017, and will be succeeded by John C. Asbury, 51, who will become President of Union Bankshares Corporation and President and CEO of Union Bank & Trust effective October 1, 2016. Beale will continue to work in an executive capacity as Executive Vice Chairman of the Board for Union Bankshares Corporation and Union Bank & Trust until March 31, 2017. He will remain on the Board of Directors of Union Bankshares Corporation and stand for reelection to the Board at the 2017 Annual Meeting.
UBSH: 27.83 (+0.38)
Franklin Rewards Shareholders with Additional Share Buyback
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 6:57AM CDT
Franklin Resources, Inc. (BEN) seems to be on track with its efforts to enhance shareholders' value. as it announced an additional repurchase authorization of up to 50 million shares
UBSH: 27.83 (+0.38), FBP: 4.90 (-0.03), BEN: 36.50 (+0.01), LPLA: 29.73 (-0.13)
Union Bankshares Corporation Opens Loan Production Office in Charlotte, North Carolina
PR Newswire - Fri Jun 03, 8:00AM CDT
Union Bankshares Corporation today announced the hiring of a team of commercial bankers and the opening of a loan production office in Charlotte, North Carolina. The team will operate as UBTNC Commercial Finance, a division of Union Bank & Trust of Virginia.
UBSH: 27.83 (+0.38)
Downgrade Alert for Union Bankshares (UBSH)
Comtex SmarTrend(R) - Wed May 25, 3:10AM CDT
Union Bankshares (NASDAQ:UBSH) was downgraded from Buy to Neutral at Compass Point today. The stock closed yesterday at $26.64 on volume of 184,000 shares, above average daily volume of 157,000. Based on a current price of $26.64, Union Bankshares is currently 2.4% above its average consensus analyst price target of $26.00. The stock should find initial support at its 50-day moving average (MA) of $24.54 and further support at its 200-day MA of $24.45.
UBSH: 27.83 (+0.38)
Elan Financial Services Partners with Union Bank & Trust to Offer Consumers and Small Businesses Rewarding Credit Cards
BusinessWire - Mon May 16, 9:00AM CDT
Elan Financial Services announces a new partnership with Union Bank & Trust, to offer a new credit card product suite to Union's 260,000 customers in Virginia.
UBSH: 27.83 (+0.38)
Union Bankshares Corporation Declares Quarterly Dividend
PR Newswire - Tue May 03, 3:45PM CDT
Union Bankshares Corporation has declared a quarterly dividend of $0.19 per share. The dividend amount is the same as the prior quarter's dividend level and a $0.02, or 12%, per share increase from the prior year quarterly dividend rate.
UBSH: 27.83 (+0.38)
Union Bankshares posts 1Q profit
Automated Insights - Wed Apr 20, 6:41AM CDT
RICHMOND, Va. (AP) _ Union Bankshares Corp. (UBSH) on Wednesday reported first-quarter profit of $17 million.
UBSH: 27.83 (+0.38)
Union Bankshares Reports First Quarter Results
PR Newswire - Wed Apr 20, 6:30AM CDT
Union Bankshares Corporation (the "Company" or "Union" (NASDAQ: UBSH) today reported net income of $17.0 million and earnings per share of $0.38 for its first quarter ended March 31, 2016. The quarterly results represent an increase of $1.3 million, or 8.0%, in net income from the first quarter of 2015 and a decrease of $853,000, or 4.8%, in net income from the prior quarter. Earnings per share of $0.38 for the current quarter represent an increase of $0.03, or 8.6%, in earnings per share from the first quarter of 2015 and a decrease of $0.02, or 5.0%, in earnings per share from the fourth quarter of 2015.
UBSH: 27.83 (+0.38)
Should You Buy Union Bankshares (UBSH) Ahead of Earnings?
Zacks Equity Research - Zacks Investment Research - Tue Apr 19, 7:33AM CDT
Union Bankshares (UBSH) could be an interesting stock for investors ahead of earnings, as it has a positive ESP and a favorable Zacks Rank.
UBSH: 27.83 (+0.38)
Union Innovation Challenge Winners Announced
PR Newswire - Fri Apr 15, 12:37PM CDT
Union Bankshares Corporation announced today the winners of the 2016 Union Innovation Challenge, which took place on Thursday, April 14, at the Virginia Tech Carilion Research Institute in Roanoke.
UBSH: 27.83 (+0.38)
Union Innovation Challenge Takes Place April 14
PR Newswire - Tue Apr 12, 8:00AM CDT
Union Bankshares Corporation announced today that the 2016 Union Innovation Challenge will take place on Thursday, April 14, at the Virginia Tech Carilion Research Institute in Roanoke.
UBSH: 27.83 (+0.38)
Union Bankshares Corporation to Release First Quarter 2016 Results
PR Newswire - Wed Apr 06, 12:09PM CDT
Union Bankshares Corporation today announced that it will release its first quarter 2016 financial results before the market opens on Wednesday, April 20, 2016.
UBSH: 27.83 (+0.38)
Upgrade Alert for Union Bankshares (UBSH)
Comtex SmarTrend(R) - Tue Mar 29, 3:33AM CDT
Union Bankshares (NASDAQ:UBSH) was upgraded from Market Perform to Strong Buy at Raymond James today. The stock closed yesterday at $24.19 on volume of 756,000 shares, above average daily volume of 153,000. There is potential upside of 7.5% for shares of Union Bankshares based on a current price of $24.19 and an average consensus analyst price target of $26.00. Union Bankshares shares have support at the 200-day moving average (MA) of $24.13 and additional support at the 50-day MA of $22.72.
UBSH: 27.83 (+0.38)
Union Bankshares Set to Possibly Pullback After Yesterday's Rally of 5.32%
Comtex SmarTrend(R) - Mon Mar 28, 3:53PM CDT
Union Bankshares (NASDAQ:UBSH) traded in a range yesterday that spanned from a low of $23.72 to a high of $24.52. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $23.29 on volume of 449,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
UBSH: 27.83 (+0.38)
Union Bankshares declares quarterly dividend
M2 - Fri Feb 05, 6:46AM CST
Union Bankshares Corporation (NASDAQ: UBSH) has declared a quarterly dividend of USD0.19 per share, an amount equivalent to the prior quarter's dividend level, and a USD0.04, or 27 percent, per share increase from the prior year quarterly dividend rate, the company said. The dividend is payable on February 26, 2016 to shareholders of record as of February 12, 2016. Union Bankshares Corporation is the holding company for Union Bank & Trust, which has 124 banking offices and 201 ATMs located throughout Virginia. Non-bank affiliates of the holding company include: Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products.
UBSH: 27.83 (+0.38)
Union Bankshares announces USD 0.19 per share quarterly dividend
M2 - Fri Jan 29, 5:40AM CST
Union Bankshares Corporation (NASDAQ:UBSH) released on Thursday a quarterly dividend of USD0.19 per share, unchanged from the prior quarter.
UBSH: 27.83 (+0.38)
Union Bankshares reports net income of USD18m in Q4 2015
M2 - Mon Jan 25, 6:17AM CST
Union Bankshares Corporation (NASDAQ: UBSH) has reported net income of USD17.8 million and earnings per share of USD0.40 for its fourth quarter ended December 31, 2015, compared to USD18.2 million or USD0.40 per share for the third quarter 2015, and net income of USD67.1 million and earnings per share of USD1.49 for the year ended December 31, 2015, the company said. The company said in 2016, it intends to remain focused on leveraging Union's unique franchise for sustainable growth and to deliver top-tier financial performance for its shareholders over the long-term. Select highlights for the fourth quarter include: Operating earnings for the community bank segment for the year ended December 31, 2015 was USD67.3 million, or USD1.49 per share, compared to operating earnings(1) of USD69.4 million, or USD1.50 per share, for the year ended December 31, 2014. The mortgage segment reported a net loss of USD90,000 for the fourth quarter, a decline from net income of USD59,000 for the third quarter. The mortgage segment reported a net loss of USD202,000 for the year ended December 31, 2015 compared to a net loss of USD3.5 million for the year ended December 31, 2014. Fourth quarter net income includes after-tax valuation adjustments on other real estate owned (OREO) totaling USD2.7 million, or USD0.06 per share, related to updated appraisals on two large OREO properties. As previously announced, the company sold its credit card portfolio in the fourth quarter, resulting in an after-tax benefit of USD805,000. Period end loans held for investment grew USD127.8 million, or 9.2 percent (annualized), from September 30, 2015, while average loans increased USD87.2 million, or 6.3 percent (annualized), during the quarter. Adjusted for the sale of the credit card portfolio, loan balances increased USD349.7 million, or 6.6 percent, from December 31, 2014. Period-end deposits increased USD145.1 million, or 10.0 percent (annualized), from September 30, 2015 and increased USD325.2 million, or 5.8 percent, from December 31, 2014. Average deposits increased USD91.3 million, or 6.3 percent (annualized), during the quarter. Union Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union Bank & Trust, which has 124 banking offices and 201 ATMs located throughout Virginia. Non-bank affiliates of the holding company include: Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products. Effective January 1, 2016, Union Investment Services, Inc., formerly a non-bank affiliate of the holding company, became a department under the wealth management division of Union Bank & Trust.
UBSH: 27.83 (+0.38)
Union Bankshares Reports Fourth Quarter And Full Year Results
PR Newswire - Wed Jan 20, 6:30AM CST
Union Bankshares Corporation (the "Company" or "Union" (NASDAQ: UBSH) today reported net income of $17.8 million and earnings per share of $0.40 for its fourth quarter ended December 31, 2015. For the year ended December 31, 2015, net income was $67.1 million and earnings per share was $1.49.
UBSH: 27.83 (+0.38)
Union Bankshares Corporation Names John C. Asbury President; To Succeed G. William Beale as CEO in 2017
GlobeNewswire - Wed Aug 24, 7:00AM CDT
The Board of Directors of Union Bankshares Corporation ("Union"
today announced that G. William ("Billy" Beale, 66, will step down as Chief Executive Officer ("CEO" on January 2, 2017, and will be succeeded by John C. Asbury, 51, who will become President of Union Bankshares Corporation and President and CEO of Union Bank & Trust effective October 1, 2016. Beale will continue to work in an executive capacity as Executive Vice Chairman of the Board for Union Bankshares Corporation and Union Bank & Trust until March 31, 2017. He will remain on the Board of Directors of Union Bankshares Corporation and stand for reelection to the Board at the 2017 Annual Meeting. UBSH: 27.83 (+0.38)
Franklin Rewards Shareholders with Additional Share Buyback
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 6:57AM CDT
Franklin Resources, Inc. (BEN) seems to be on track with its efforts to enhance shareholders' value. as it announced an additional repurchase authorization of up to 50 million shares
UBSH: 27.83 (+0.38), FBP: 4.90 (-0.03), BEN: 36.50 (+0.01), LPLA: 29.73 (-0.13)
Union Bankshares Corporation Opens Loan Production Office in Charlotte, North Carolina
PR Newswire - Fri Jun 03, 8:00AM CDT
Union Bankshares Corporation today announced the hiring of a team of commercial bankers and the opening of a loan production office in Charlotte, North Carolina. The team will operate as UBTNC Commercial Finance, a division of Union Bank & Trust of Virginia.
UBSH: 27.83 (+0.38)
Downgrade Alert for Union Bankshares (UBSH)
Comtex SmarTrend(R) - Wed May 25, 3:10AM CDT
Union Bankshares (NASDAQ:UBSH) was downgraded from Buy to Neutral at Compass Point today. The stock closed yesterday at $26.64 on volume of 184,000 shares, above average daily volume of 157,000. Based on a current price of $26.64, Union Bankshares is currently 2.4% above its average consensus analyst price target of $26.00. The stock should find initial support at its 50-day moving average (MA) of $24.54 and further support at its 200-day MA of $24.45.
UBSH: 27.83 (+0.38)
Elan Financial Services Partners with Union Bank & Trust to Offer Consumers and Small Businesses Rewarding Credit Cards
BusinessWire - Mon May 16, 9:00AM CDT
Elan Financial Services announces a new partnership with Union Bank & Trust, to offer a new credit card product suite to Union's 260,000 customers in Virginia.
UBSH: 27.83 (+0.38)
Union Bankshares Corporation Declares Quarterly Dividend
PR Newswire - Tue May 03, 3:45PM CDT
Union Bankshares Corporation has declared a quarterly dividend of $0.19 per share. The dividend amount is the same as the prior quarter's dividend level and a $0.02, or 12%, per share increase from the prior year quarterly dividend rate.
UBSH: 27.83 (+0.38)
Union Bankshares posts 1Q profit
Automated Insights - Wed Apr 20, 6:41AM CDT
RICHMOND, Va. (AP) _ Union Bankshares Corp. (UBSH) on Wednesday reported first-quarter profit of $17 million.
UBSH: 27.83 (+0.38)
Union Bankshares Reports First Quarter Results
PR Newswire - Wed Apr 20, 6:30AM CDT
Union Bankshares Corporation (the "Company" or "Union"
(NASDAQ: UBSH) today reported net income of $17.0 million and earnings per share of $0.38 for its first quarter ended March 31, 2016. The quarterly results represent an increase of $1.3 million, or 8.0%, in net income from the first quarter of 2015 and a decrease of $853,000, or 4.8%, in net income from the prior quarter. Earnings per share of $0.38 for the current quarter represent an increase of $0.03, or 8.6%, in earnings per share from the first quarter of 2015 and a decrease of $0.02, or 5.0%, in earnings per share from the fourth quarter of 2015. UBSH: 27.83 (+0.38)
Should You Buy Union Bankshares (UBSH) Ahead of Earnings?
Zacks Equity Research - Zacks Investment Research - Tue Apr 19, 7:33AM CDT
Union Bankshares (UBSH) could be an interesting stock for investors ahead of earnings, as it has a positive ESP and a favorable Zacks Rank.
UBSH: 27.83 (+0.38)
Union Innovation Challenge Winners Announced
PR Newswire - Fri Apr 15, 12:37PM CDT
Union Bankshares Corporation announced today the winners of the 2016 Union Innovation Challenge, which took place on Thursday, April 14, at the Virginia Tech Carilion Research Institute in Roanoke.
UBSH: 27.83 (+0.38)
Union Innovation Challenge Takes Place April 14
PR Newswire - Tue Apr 12, 8:00AM CDT
Union Bankshares Corporation announced today that the 2016 Union Innovation Challenge will take place on Thursday, April 14, at the Virginia Tech Carilion Research Institute in Roanoke.
UBSH: 27.83 (+0.38)
Union Bankshares Corporation to Release First Quarter 2016 Results
PR Newswire - Wed Apr 06, 12:09PM CDT
Union Bankshares Corporation today announced that it will release its first quarter 2016 financial results before the market opens on Wednesday, April 20, 2016.
UBSH: 27.83 (+0.38)
Upgrade Alert for Union Bankshares (UBSH)
Comtex SmarTrend(R) - Tue Mar 29, 3:33AM CDT
Union Bankshares (NASDAQ:UBSH) was upgraded from Market Perform to Strong Buy at Raymond James today. The stock closed yesterday at $24.19 on volume of 756,000 shares, above average daily volume of 153,000. There is potential upside of 7.5% for shares of Union Bankshares based on a current price of $24.19 and an average consensus analyst price target of $26.00. Union Bankshares shares have support at the 200-day moving average (MA) of $24.13 and additional support at the 50-day MA of $22.72.
UBSH: 27.83 (+0.38)
Union Bankshares Set to Possibly Pullback After Yesterday's Rally of 5.32%
Comtex SmarTrend(R) - Mon Mar 28, 3:53PM CDT
Union Bankshares (NASDAQ:UBSH) traded in a range yesterday that spanned from a low of $23.72 to a high of $24.52. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $23.29 on volume of 449,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
UBSH: 27.83 (+0.38)
Union Bankshares declares quarterly dividend
M2 - Fri Feb 05, 6:46AM CST
Union Bankshares Corporation (NASDAQ: UBSH) has declared a quarterly dividend of USD0.19 per share, an amount equivalent to the prior quarter's dividend level, and a USD0.04, or 27 percent, per share increase from the prior year quarterly dividend rate, the company said. The dividend is payable on February 26, 2016 to shareholders of record as of February 12, 2016. Union Bankshares Corporation is the holding company for Union Bank & Trust, which has 124 banking offices and 201 ATMs located throughout Virginia. Non-bank affiliates of the holding company include: Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products.
UBSH: 27.83 (+0.38)
Union Bankshares announces USD 0.19 per share quarterly dividend
M2 - Fri Jan 29, 5:40AM CST
Union Bankshares Corporation (NASDAQ:UBSH) released on Thursday a quarterly dividend of USD0.19 per share, unchanged from the prior quarter.
UBSH: 27.83 (+0.38)
Union Bankshares reports net income of USD18m in Q4 2015
M2 - Mon Jan 25, 6:17AM CST
Union Bankshares Corporation (NASDAQ: UBSH) has reported net income of USD17.8 million and earnings per share of USD0.40 for its fourth quarter ended December 31, 2015, compared to USD18.2 million or USD0.40 per share for the third quarter 2015, and net income of USD67.1 million and earnings per share of USD1.49 for the year ended December 31, 2015, the company said. The company said in 2016, it intends to remain focused on leveraging Union's unique franchise for sustainable growth and to deliver top-tier financial performance for its shareholders over the long-term. Select highlights for the fourth quarter include: Operating earnings for the community bank segment for the year ended December 31, 2015 was USD67.3 million, or USD1.49 per share, compared to operating earnings(1) of USD69.4 million, or USD1.50 per share, for the year ended December 31, 2014. The mortgage segment reported a net loss of USD90,000 for the fourth quarter, a decline from net income of USD59,000 for the third quarter. The mortgage segment reported a net loss of USD202,000 for the year ended December 31, 2015 compared to a net loss of USD3.5 million for the year ended December 31, 2014. Fourth quarter net income includes after-tax valuation adjustments on other real estate owned (OREO) totaling USD2.7 million, or USD0.06 per share, related to updated appraisals on two large OREO properties. As previously announced, the company sold its credit card portfolio in the fourth quarter, resulting in an after-tax benefit of USD805,000. Period end loans held for investment grew USD127.8 million, or 9.2 percent (annualized), from September 30, 2015, while average loans increased USD87.2 million, or 6.3 percent (annualized), during the quarter. Adjusted for the sale of the credit card portfolio, loan balances increased USD349.7 million, or 6.6 percent, from December 31, 2014. Period-end deposits increased USD145.1 million, or 10.0 percent (annualized), from September 30, 2015 and increased USD325.2 million, or 5.8 percent, from December 31, 2014. Average deposits increased USD91.3 million, or 6.3 percent (annualized), during the quarter. Union Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union Bank & Trust, which has 124 banking offices and 201 ATMs located throughout Virginia. Non-bank affiliates of the holding company include: Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products. Effective January 1, 2016, Union Investment Services, Inc., formerly a non-bank affiliate of the holding company, became a department under the wealth management division of Union Bank & Trust.
UBSH: 27.83 (+0.38)
Union Bankshares Reports Fourth Quarter And Full Year Results
PR Newswire - Wed Jan 20, 6:30AM CST
Union Bankshares Corporation (the "Company" or "Union"
(NASDAQ: UBSH) today reported net income of $17.8 million and earnings per share of $0.40 for its fourth quarter ended December 31, 2015. For the year ended December 31, 2015, net income was $67.1 million and earnings per share was $1.49. UBSH: 27.83 (+0.38)
