Trading Day: Local SEC filings for 2.7.19

Altria (MO)
The tobacco giant filed its fourth quarter and full-year earnings for 2018.

Altria reported $6.1 billion in revenue and a profit of $1.2 billion in the fourth quarter 2018, down from a profit of $4.9 billion in the same period last year.

In 2018, Altria reported $25.3 billion in revenue and a profit of $6.9 billion, down from a profit of $10.2 billion in 2017. Click here to see the full report.

Brink’s (BCO)
The armored car giant filed its fourth quarter and full-year earnings for 2018.

Brink’s reported $908 million in revenue and a profit of $81 million in the fourth quarter 2018, up from a loss of $8 million in the same period last year.

In 2018, Brink’s reported $3.5 billion in revenue and a profit of $275 million, up from a profit of $274 million in 2017. Click here to see the full report.

Community Bankers Trust (ESXB)
William Hardy, a director, acquired 1,900 shares in three transactions with an average price of $7.59 per share for a total of approximately $14,000.

Director Oliver Way acquired 1,000 shares in two transactions at around $7.48 apiece for a total of approximately $7,480.

Director Robin Williams acquired 350 shares at $7.55 apiece for a total of $2,640.

Dominion (D)
The power utility filed its fourth quarter and full-year earnings for 2018.

Dominion reported $3.3 billion in revenue and a profit of $641 million in the fourth quarter 2018, down from a profit of $1.3 billion in the same period last year.

In 2018, Dominion reported $13.3 billion in revenue and a profit of $2.4 billion, down from a profit of $2.9 billion in 2017. Click here to see the full report.

President and CEO Thomas Farrell was awarded 14,927 shares. Farrell directly owns 1,032,800 shares of common stock.

Dynex Capital (DX)
President and CEO Byron Boston purchased 17,000 shares at $5.90 per share for a total of $100,300. Boston directly owns 611,545 shares of common stock.

Chief operating officer Stephen Benedetti purchased 1-,000 shares at $5.90 per share for a total of $59,000. Benedetti directly owns 277,387 shares of common stock

Genworth Financial (GNW)
The insurer said it has for the eighth time extended the deadline for its pending deal to be acquired by China Oceanwide Holdings Group Co. The deadline had been Jan. 31 and is now extended to March 15. The extension was due to pending regulatory approvals and the Chinese New Year/Spring Festival holiday. The deal has received all required U.S. insurance regulatory approvals but still awaits approvals from regulators in Canada, China and by the U.S. Financial Industry Regulatory Authority (FINRA).

The company reported its fourth quarter and year-end financials for 2018. It had a net loss for the quarter of $329 million, compared with net income of $353 million in the same period last year. Net income for the full year 2018 was $119 million, compared with net income of $817 million in 2017. Click here for the full report.

Markel (MKL)
The insurance underwriter filed its year-end earnings report for 2018. Markel reported $6.8 billion in revenue and a loss of $375.8 million in 2018, down from a profit of $1.17 billion in 2017. Click here to see the full report.

Vice chairman Steven Markel sold 100 shares at an average of $1,056 per share for a total of $105,488. Markel directly owns 101,635 shares of common stock.

Medalist Diversified REIT (MDRR)
Director Charles Pearson Jr. was awarded 2,000 shares of common stock. Pearson directly owns 2,000 shares of common stock.

Director Charles Polk III was awarded 2,000 shares of common stock. Polk directly owns 2,000 shares of common stock.

Performance Food Group (PFGC)
The Goochland-based foods distributor filed its second quarter earnings report for 2019.

Performance reported $4.6 billion in revenue and a profit of $43.1 in the first quarter 2019, down from a profit of $78 million in the same period last year. Click here to see the full report.

Performance Food Group announced president and CEO George Holm has been appointed to chairman of PFG’s board of directors. Holm will continue to serve as president and CEO, which he has done since 2008. Click here for the full announcement.

Executive vice president Patrick Hagerty sold 450 shares at $34.22 per share for a total of $15,399. Hagerty directly owns 177,356 shares of common stock.

Southern National Bancorp
The parent of Henrico-based Sonabank reported its fourth quarter and year-end 2018 earnings, with net income of $7.7 million for the three months ended Dec. 31. That’s compared to a loss of $1.2 million in the same period. Full year earnings were $33.7 million, compared to $2.4 million in 2017. Click here for the full report.

Union Bankshares (UBSH)
The parent of Union Bank & Trust completed its acquisition of Northern Virginia-based Access National Bancorp, a deal valued at $500 million. Click here for more detail and to read about the strategy behind its planned rebrand to Atlantic Union Bank.

Michael Clarke, who had been CEO of Access National, entered into a consulting agreement with Union that calls for an initial term of 12 months, paying a monthly fee of $10,000 and a company-paid office in Reston. Read the full agreement here.

Clarke now owns more than 677,000 shares of Union stock, which has a market price of $32.33, making his stake in the company worth approximately $22 million. He also holds options for an additional 20,625 shares that can be exercised in three waves in 2021, 2022 and 2024. The waves have exercise prices of $24.43, $37.10 and $31.83, respectively.

Union hired Shawn O’Brien as its new consumer banking group executive, effective Feb. 18.
O’Brien, 46, was most recently an executive in BBVA Compass Bank’s consumer gegment group and business planning. He began his banking career at Huntington National Bank and received a master’s from Ohio State University and a bachelor’s from Miami University.

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