Revenue Update on Union Bankshares Corp(NASDAQ:UBSH)

Union Bankshares Corp(NASDAQ:UBSH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $83.77M. Analysts estimated a revenue of $83.15M. Earnings per share were $0.44. Analysts had estimated an EPS of $0.41.

Union Bankshares Corp (UBSH) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -0.48% at a volume of 53,366. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.14. The peak price level was also seen at $27.14 while the days lowest was $26.8. Finally the shares closed at $26.93. The 52-week high of the shares is $27.39 while the 52-week low is $20.57. According to the latest information available, the market cap of the company is $1,179 M.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Jan S Hoover (director) purchased 528 shares at $23.82 per share price.Also, On Feb 19, 2016, Ronald L Tillett (director) purchased 1,000 shares at $22.14 per share price.On Dec 11, 2015, Jeffrey W Farrar (EVP) sold 3,000 shares at $26.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Union Bankshares Corporation formerly Union First Market Bankshares Corporation is a bank holding company. The Company offers financial services through its community bank subsidiary Union Bank & Trust and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates are Union Mortgage Group Inc. (UMG) Union Investment Services Inc. and Union Insurance Group LLC. The Company operates in two segments: its traditional full service community banking segment and its mortgage loan origination business segment. The community bank segment includes one subsidiary bank which provides loan deposit investment and trust services to retail and commercial customers throughout approximately 131 retail locations in Virginia. The mortgage segment includes UMG which provides a variety of mortgage loan products in Virginia North Carolina South Carolina Maryland and the Washington D.C. metro area.

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