Last $24.05 USD
Change Today +0.41 / 1.73%
Volume 231.5K
UBSH On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

union bankshares corp (UBSH) Snapshot

Open
$23.66
Previous Close
$23.64
Day High
$24.06
Day Low
$23.52
52 Week High
03/17/14 - $26.72
52 Week Low
09/4/14 - $21.86
Market Cap
1.1B
Average Volume 10 Days
138.0K
EPS TTM
$1.43
Shares Outstanding
45.6M
EX-Date
08/13/14
P/E TM
16.8x
Dividend
$0.60
Dividend Yield
2.37%
Current Stock Chart for UNION BANKSHARES CORP (UBSH)

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union bankshares corp (UBSH) Details

Union Bankshares Corporation operates as the bank holding company for Union First Market Bank that provides banking and related financial services to consumers and businesses in the northern, central, Rappahannock, Shenandoah, Tidewater, and Northern Neck regions of Virginia. The company operates through two segments, Community Bank and Mortgage. It accepts various deposit products, such as checking, savings, NOW, and money market accounts, as well as certificates of deposit and other depository services. The company also offers loans for commercial, industrial, residential mortgage, and consumer purposes. In addition, it provides credit cards, automated teller machine services, Internet banking services, and online bill payment services, as well as private banking and trust services to individuals and corporations. Further, the company offers securities, brokerage, and investment advisory services; mortgage loan products principally in Virginia, Maryland, North Carolina, and South Carolina, as well as in the Mid-Atlantic and Southeast states, and in Washington, D.C.; and various insurance products, including long term care insurance and business owner policies. As of December 31, 2013, it operated 90 branches in Virginia. The company was formerly known as Union First Market Bankshares Corporation and changed its name to Union Bankshares Corporation in April 2014. Union Bankshares Corporation was founded in 1902 and is headquartered in Richmond, Virginia.

1,025 Employees
Last Reported Date: 03/11/14
Founded in 1902

union bankshares corp (UBSH) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $477.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $270.3K
Executive Vice President and Director of Oper...
Total Annual Compensation: $173.6K
President of Union First Market Bank
Total Annual Compensation: $305.6K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $284.8K
Compensation as of Fiscal Year 2013.

union bankshares corp (UBSH) Key Developments

Union Bankshares Mulls Acquisitions

Union Bankshares Corporation (NasdaqGS:UBSH) is seeking acquisitions. Union Bankshares Corporation has filed a Shelf Registration in the amount of $200.00 million and intends to use the proceeds for general corporate purposes. These purposes may include investing in, or extending credit to, our operating subsidiaries; investments at the holding company level; reducing or refinancing existing debt; possible acquisitions; stock repurchases; and other purposes.

Union Bankshares Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Union Bankshares Corporation reported earnings results for the second quarter and six months ended June 30, 2014. The company reported that net income for the second quarter ended June 30, 2014 was $14.78 million, or $0.32 per diluted share, compared to $9.46 million, or $0.38 per diluted share, for the same quarter ended June 30, 2013. Net interest income for the second quarter ended June 30, 2014 was $63.71 million, compared to $37.40 million for the same quarter ended June 30, 2013. Net income for the six months ended June 30, 2014 was $22.59 million, or $0.48 per diluted share, compared to $18.45 million, or $0.74 per diluted share, for the same period ended June 30, 2013. Net interest income for the six months ended June 30, 2014 was $127.47 million, compared to $75.16 million for the same period ended June 30, 2013.

Union Bankshares Corporation Declares Quarterly Dividend, Payable on August 29, 2014

Union Bankshares Corporation has declared a quarterly dividend of $0.15 per share. The dividend amount represents a $0.01 per share, or 7%, increase over the previous quarterly dividend rate. The dividend is payable on August 29, 2014 to shareholders of record as of August 15, 2014.

 

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Industry Analysis

UBSH

Industry Average

Valuation UBSH Industry Range
Price/Earnings 22.0x
Price/Sales 4.4x
Price/Book 1.1x
Price/Cash Flow 27.9x
TEV/Sales 1.7x
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