Atlantic Union Bankshares (AUB)
The bank said it prepaid $350 million of long term Federal Home Loan Bank with a remaining average maturity of approximately 8.5 years. That resulted in a prepayment penalty of $20.8 million in the fourth quarter, but it expects the prepayment to benefit its future net interest margin by approximately 3 basis points and annual net income available to common shareholders by approximately $3.4 million.
The company also said it plans to consolidate five branches into other nearby locations in February 2021. That will result in upfront costs of $2.5 million in the fourth quarter and annual savings of $1.6 million.
Altria (MO)
Altria announced Nov. 12 it had decided to convert its non-voting shares in JULL Labs into voting shares. It doesn’t expect to take advantage of additional governance rights permitted via the conversion, such as election of directors to JUUL’s board, pending outcome of U.S. Federal Trade Commission litigation. See here for the full announcement.
CCO Charles N. Whitaker sold 11,500 shares at $41 per share for a total of $471,500. Whitaker directly owns 140,319 shares of common stock.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust recently made its investor presentation available for review on its website. The presentation can be found here.
Executive Chairman Knight M. Glade purchased 5,000 shares at $12 per share for a total of $60,000. Glade directly owns 10.2 million shares of common stock.
Community Bankers Trust (ESXB)
Director Gail Letts acquired 149 shares at $6.50 apiece. She now owns more than 4,700 shares.
Director Robin Williams acquired 500 shares at $6.45 apiece. Williams owns more than 76,000 shares.
C&F Financial (CFFI)
The parent of C&F Bank declared a dividend of $0.38 payable Jan. 1 to shareholders of record on Dec. 14.
The company also began a share repurchase program last month to buy back up to 365,000 shares of its common stock through Nov. 30, 2021.
Dynex Capital (DX)
Vice President and Comptroller Jeffrey L. Childress sold 2,000 shares at $18 per share for a total of $36,000. Childress directly owns 8,886 shares of common stock.
Genworth Financial (GNW)
The insurer announced that its long-delayed deal to be acquired by China Oceanwide Holdings received a needed re-approval from a Chinese regulator, allowing it to move forward with the few remaining regulatory steps required to close the transaction. The two parties now say they hope to close the deal before the end of the year.
Markel (MKL)
The insurance underwriter recently announced Mark M. Besca was appointed to the company’s board of directors. He was also appointed to serve on the board’s audit committee.
Besca is a consultant to EY (previously Ernst & Young, LLP) after he retired from the company in June after a 42-years stint there. See here for the full announcement.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT filed its quarterly earnings report for the period that ended Sept. 30. The company reported $2.3 million in total revenue and total operating expenses of $2.7 million
in the quarter, compared to total revenue of $1.9 million and total operating expenses of $2 million in the same period last year.
CFO Charles Brent Winn Jr purchased 1,000 shares at $2 per share for a total of $2,000. Winn directly owns 34,587 shares of common stock.
New Market (NEU)
The petroleum-focused holding company filed its quarterly earnings for the period ended Sept. 30. Net sales for the quarter were $512.9 million, compared to $555.8 million in net sales during the same period last year.
Owens & Minor (OMI)
CAO Michael Wayne Lowry sold 10,000 shares at $22 per share for a total of $220,000. Lowry directly owns 72,436 shares of common stock.
Atlantic Union Bankshares (AUB)
The bank said it prepaid $350 million of long term Federal Home Loan Bank with a remaining average maturity of approximately 8.5 years. That resulted in a prepayment penalty of $20.8 million in the fourth quarter, but it expects the prepayment to benefit its future net interest margin by approximately 3 basis points and annual net income available to common shareholders by approximately $3.4 million.
The company also said it plans to consolidate five branches into other nearby locations in February 2021. That will result in upfront costs of $2.5 million in the fourth quarter and annual savings of $1.6 million.
Altria (MO)
Altria announced Nov. 12 it had decided to convert its non-voting shares in JULL Labs into voting shares. It doesn’t expect to take advantage of additional governance rights permitted via the conversion, such as election of directors to JUUL’s board, pending outcome of U.S. Federal Trade Commission litigation. See here for the full announcement.
CCO Charles N. Whitaker sold 11,500 shares at $41 per share for a total of $471,500. Whitaker directly owns 140,319 shares of common stock.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust recently made its investor presentation available for review on its website. The presentation can be found here.
Executive Chairman Knight M. Glade purchased 5,000 shares at $12 per share for a total of $60,000. Glade directly owns 10.2 million shares of common stock.
Community Bankers Trust (ESXB)
Director Gail Letts acquired 149 shares at $6.50 apiece. She now owns more than 4,700 shares.
Director Robin Williams acquired 500 shares at $6.45 apiece. Williams owns more than 76,000 shares.
C&F Financial (CFFI)
The parent of C&F Bank declared a dividend of $0.38 payable Jan. 1 to shareholders of record on Dec. 14.
The company also began a share repurchase program last month to buy back up to 365,000 shares of its common stock through Nov. 30, 2021.
Dynex Capital (DX)
Vice President and Comptroller Jeffrey L. Childress sold 2,000 shares at $18 per share for a total of $36,000. Childress directly owns 8,886 shares of common stock.
Genworth Financial (GNW)
The insurer announced that its long-delayed deal to be acquired by China Oceanwide Holdings received a needed re-approval from a Chinese regulator, allowing it to move forward with the few remaining regulatory steps required to close the transaction. The two parties now say they hope to close the deal before the end of the year.
Markel (MKL)
The insurance underwriter recently announced Mark M. Besca was appointed to the company’s board of directors. He was also appointed to serve on the board’s audit committee.
Besca is a consultant to EY (previously Ernst & Young, LLP) after he retired from the company in June after a 42-years stint there. See here for the full announcement.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT filed its quarterly earnings report for the period that ended Sept. 30. The company reported $2.3 million in total revenue and total operating expenses of $2.7 million
in the quarter, compared to total revenue of $1.9 million and total operating expenses of $2 million in the same period last year.
CFO Charles Brent Winn Jr purchased 1,000 shares at $2 per share for a total of $2,000. Winn directly owns 34,587 shares of common stock.
New Market (NEU)
The petroleum-focused holding company filed its quarterly earnings for the period ended Sept. 30. Net sales for the quarter were $512.9 million, compared to $555.8 million in net sales during the same period last year.
Owens & Minor (OMI)
CAO Michael Wayne Lowry sold 10,000 shares at $22 per share for a total of $220,000. Lowry directly owns 72,436 shares of common stock.