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Last $21.81 USD
Change Today 0.00 / 0.00%
Volume 61.7K
UBSH On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

union bankshares corp (UBSH) Snapshot

Open
$21.85
Previous Close
$21.81
Day High
$21.93
Day Low
$21.60
52 Week High
06/9/14 - $26.42
52 Week Low
01/29/15 - $19.92
Market Cap
982.7M
Average Volume 10 Days
135.2K
EPS TTM
$1.43
Shares Outstanding
45.1M
EX-Date
05/13/15
P/E TM
15.3x
Dividend
$0.68
Dividend Yield
2.71%
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 Bank & Trust that provides banking and related financial services to consumers and businesses in the Northern, Central, Rappahannock, Roanoke Valley, Shenandoah, Tidewater, and Northern Neck regions of Virginia. The company operates in two segments, Community Bank and Mortgage. It accepts various deposit products, including checking, savings, NOW, time deposit, 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 (ATM) 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; and mortgage loan products principally in Virginia, North Carolina, South Carolina, Maryland, and the Washington D.C. metro area. As of April 20, 2015, it operated 131 banking offices and 200 ATMs 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.

1,445 Employees
Last Reported Date: 04/20/15
Founded in 1902

union bankshares corp (UBSH) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $679.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $344.0K
President of Union Bank & Trust
Total Annual Compensation: $350.0K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $304.0K
Executive Vice President and Director of Reta...
Total Annual Compensation: $263.0K
Compensation as of Fiscal Year 2014.

union bankshares corp (UBSH) Key Developments

Union Bankshares Corporation Announces Resignation of Ronald L. Hicks from Board of Directors, Effective June 30, 2015

On April 20, 2015, Ronald L. Hicks, the Vice Chairman of the Board of Directors of the Union Bankshares Corporation, notified the Company of his resignation from the Company's Board of Directors effective June 30, 2015. Mr. Hicks has served as a director of the Company since 1993. He resigned for personal reasons and his resignation does not relate to any disagreement on matters relating to the Company's operations, policies or practices.

Union Bankshares Corporation Declares Quarterly Dividend, Payable on May 29, 2015

Union Bankshares Corporation has declared a quarterly dividend of $0.17 per share. The dividend amount is $0.02 per share increase from the prior quarter or 13% and a $0.03 per share, or 21%, increase over the prior year quarterly dividend rate. The dividend is payable on May 29, 2015 to shareholders of record as of May 15, 2015.

Union Bankshares Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Union Bankshares Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest and dividend income of $67,600,000 compared to $68,208,000 a year ago. Net interest income was $61,969,000 compared to $63,065,000 a year ago. Income before income taxes was $21,433,000 compared to $10,261,000 a year ago. Net income was $15,701,000 or $0.35 per basic and diluted share compared to $7,708,000 or $0.16 per basic and diluted share a year ago. Return on average assets was 0.86% compared to 0.43% a year ago. Return on average equity was 6.48% compared to 3.13% a year ago. Return on average tangible common equity was 9.67% compared to 4.73% a year ago. Operating return on average assets was 0.86% compared to 0.94% a year ago. Operating return on average equity was 6.48% compared to 6.80% a year ago. Operating return on average tangible common equity was 9.67% compared to 10.27% a year ago. For the quarter ended March 31, 2015, net charge-offs were $3.2 million, or 0.24% on an annualized basis, compared to a net recovery of $772,000, or (0.06%), for the same quarter last year and $4.2 million, or 0.31%, for the fourth quarter of 2014.

 

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Industry Analysis

UBSH

Industry Average

Valuation UBSH Industry Range
Price/Earnings 16.4x
Price/Sales 3.2x
Price/Book 1.0x
Price/Cash Flow 16.3x
TEV/Sales 0.6x
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