|Day's Range||33.76 - 34.12|
|52 Week Range||23.28 - 39.37|
|PE Ratio (TTM)||18.56|
|Earnings Date||Jul 20, 2017 - Jul 24, 2017|
|Dividend & Yield||0.80 (2.36%)|
|1y Target Est||38.50|
Union Bankshares Corp said on Monday it would acquire rival Xenith Bankshares Inc in an all-stock deal valued at nearly $695 million, as the U.S. community lender looks to expand into North Carolina and Maryland. Richmond, Virginia based-Union Bankshares' offer of 0.9354 shares for each Xenith share translates to $29.67 per share and is at a 10.4 percent premium to Xenith's Friday close. Shares of Xenith, also based in Richmond, were up 4.7 percent at $28.14 in light premarket trading.
RICHMOND, Va., May 22, 2017-- Union Bankshares Corporation or and Xenith Bankshares, Inc. or jointly announced today that they have entered into a definitive merger agreement for Union to acquire Xenith ...
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Union Bankshares Corp. with the following peers – Fauquier Bankshares, Inc., TowneBank, WashingtonFirst Bankshares, Inc., Xenith Bankshares, Inc., United Bankshares, Inc., American National Bankshares Inc., Access National Corporation, Bank of the James Financial Group, Inc., Village Bank and Trust Financial Corp. and Eastern Virginia Bankshares, ... Read more (Read more...)