Trading Day: Local SEC filings for 5.2.19

Altria (MO)
The tobacco giant filed its first quarter earnings report, with $5.6 billion in revenue and a profit of $1.1 billion. That’s down from a profit of $1.8 billion in the same period last year. Click here to see the full report.

Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank announced its first quarter earnings, reporting net income of $1.5 million, up from $782,000 in the same period a year ago. Click here for the full report.

Brink’s (BCO)
The armored car giant filed its 10-Q, providing further details from its previously filed quarterly report. Click here for the full report.

Executive vice president Amit Zukerman sold 21,946 shares at $79.94 per share for a total of $1.75 million. Zukerman owns 49,626 shares.

CarMax (KMX)
President and CEO William Nash gifted 3,571 shares. Nash directly owns 70,931 shares.

Community Bankers Trust (ESXB)
The parent of Essex Bank reported its first quarter earnings, with net income of $3.5 million. That’s up from $2.6 million in the same period of 2018. Click here for the full report.

Dynex Capital (DX)
The mortgage REIT filed its first quarter earnings report, citing $13.7 in net interest income and a loss of $55.2 million. That’s compared with a profit of $41.3 million in the same period last year. Click here to see the full report.

Genworth Financial (GNW)
The insurer once again extended the timeline to complete its deal to be acquired by China Oceanwide Holdings. It’s the tenth time the deadline has been extended since the deal was first announced two years ago. Genworth said the deal still awaits regulatory approval in Canada, as well as currency conversion clearances in China. The new deadline is June 30.

Genworth also announced its first quarter earnings, with net income of $174 million, up from $112 million a year ago. Click here for the full report.

Hamilton Beach Brands (HBB)
The home appliance maker filed its first quarter earnings, reporting $145 million in revenue and a loss of $2.1 million. That’s up from a loss of $546,000 in the same period last year. Click here to see the full report.

The company also filed its 10-Q, providing further details from its quarterly report. Click here for the full report.

Kinsale Capital Group (KNSL)
COO Brian Haney exercised options for 2,250 shares at $16 apiece. He then sold the shares at market price for $71.01 each, for a total of nearly $160,000.

Markel (MKL)
The insurance underwriter filed its 10-Q, providing further details from its previously filed quarterly report. Click here for the full report.

Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT released its latest proxy statement, disclosing compensation packages paid last year to its top executives. Among them, CEO Thomas Messier and COO William Elliott each received a total pay package of $367,600, all of which was paid in stock awards. Click here and see page 24 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held July 18 at Medalist’s office in Shockoe Slip.

New Market (NEU)
The petroleum-focused holding company filed its first quarter earnings, reporting $536 million in revenue and a profit of $62 million in the first quarter 2019. That’s up from a profit of $60 million in the same period last year. Click here to see the full report.

New Market also filed its 10-Q, providing further details from its quarterly report. Click here for the full report.

Southern National Bancorp (SONA)
The Northern Virginia-based parent company of Henrico-based Sonabank filed its latest proxy statement, disclosing the compensation packages paid to its top executives last year. The highest paid among them was Executive Chairman Georgia Derrico, who received $1.38 million in total pay. That included a $507,000 base salary, a $185,000 bonus, $157,000 in stock awards, $476,000 in cash incentives and other perks. Click here and jump to page 22 for the full compensation table.

The company also filed its first quarter earnings, reporting net income of $6 million, down from $8.3 million a year ago. Click here for the full report.

The bank also entered into amended employment agreements with certain top executives. Click here for the full detail.

Village Bank and Trust Financial (VBFC)
The bank shared a letter sent to shareholder on April from CEO Bill Foster and Chairman Craig Bell. Click here to read the full letter.

Kenneth Lehman, the bank’s largest shareholder, increased his stake by purchasing a total of 442 shares at $33.05 apiece across five transactions totaling $14,600.

The bank also filed its first quarter earnings, reporting net income of $809,000, up from $412,000 a year ago. Click here for the full report.

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