C&F Financial (CFFI)
Director JP Causey Jr. exercised options for 1,100 shares at $37.17 per share for a total value of $40,887. He then sold 932 shares at $44 apiece for a total sale of $41,000.
Director Paul Robinson exercised options for 1,500 shares at $37.17 per share. He then sold 1,260 shares for $44.65 apiece.
Community Bankers Trust (ESXB)
The parent of Essex Bank amended its Code of Business Conduct and Ethics as part of an annual review. One of the amendments related to gifts to and from customers or vendors to prohibit “gifts or similar payments made for the purpose of giving or attempting to give preferential treatment to a customer or vendor or in exchange for recommending, influencing or attempting to influence a Company decision or transaction. That’s a change from a previous provision that prohibited employees generally from giving or receiving one or more gifts with a total value of more than $100 per giver per year. “The amendment eliminates that strict prohibition, but requires employees to present gifts greater than that value to a designated management committee for its review and approval of the appropriateness of the gifts under the intent of the code.”
COO Jeffery Cantrell exercised options for 6,000 shares at $2.78 per share.
The power utility announced that executive VP and Energy Infrastructure Group CEO David Christian will become executive VP and chief innovation officer effective Jan. 1, 2017.
Dynex Capital (DX)
The mortgage REIT reported that director James Wheat III will not stand for re-election to the board of directors at the 2017 annual shareholders meeting in order to focus on other business commitments. His board service will end effective Dec. 31. The board does not intend to replace Wheat and may reduce the board’s size to six members effective Dec. 31.
Kinsale Capital Group (KNSL)
The insurer announced the pricing of its secondary stock offering of 3.36 million shares at $27.50 per share totaling $92.4 million. The shares are held by the company’s largest shareholder, Moelis & Co., which will retain all the proceeds of the offering.
Owens & Minor (OMI)
Owens & Minor Europe Ops Senior VP Charles Colpo sold 7,500 shares of common stock at $34.33 per share for a total of $257,475.
Performance Food Group (PFGC)
Executive VP of operations James Hope purchased 9,600 shares of common stock at $22.76 per share for a total of $218,496.
Union Bankshares (UBSH)
The parent of Union Bank announced a debt offering of $150 million with notes that pay 5 percent and mature after 10 years.
Village Bank and Trust Financial (VBFC)
The parent of Village Bank announced its third quarter earnings, citing net income of $11.93 million, up from $471,500 in the same period last year. The bump was a result of a net deferred tax asset $11.99 million. See the full earnings report here.
The packaging giant reported its annual earnings for the fiscal year ended Sept. 30, 2016. Revenues totaled $14.17 billion, up from $11.12 billion in 2015 and $9.2 billion in 2012. Profits attributable to common stakeholders were a loss of $396.3 million, compared to a gain of $507.1 million last year and $249.1 million five years ago.
Director Stephen Felker sold 10,000 shares of common stock at $50 per share for a total of $500,000.
Xenith Bankshares (XBKS)
Director Edward Grebow acquired 5,000 shares at $2.49 per share.