Initiated Neutral X

UBSH Union Bankshares

Boenning & Scattergood

Upgrades Neutral Outperform X

UBSH Union Bankshares

Robert W. Baird

Upgrades Hold Buy X

UBSH Union Bankshares

Brean Capital

Upgrades Hold Buy X

UBSH Union Bankshares

Sandler O’Neill

UBSH  Union Bankshares Corporation

Union Bankshares Corporation is a financial holding company and bank holding company. The Company operates through two segments: a community bank segment and mortgage loan origination business segment. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates. The Company's non-bank financial services affiliates include Union Mortgage Group, Inc. (UMG), Union Insurance Group, LLC and Old Dominion Capital Management, Inc. The community bank segment included one subsidiary bank, which provided loan, deposit, investment, and trust services to retail and commercial customers throughout its 114 retail locations in Virginia, as of December 31, 2016. The mortgage segment includes UMG, which provides a range of mortgage loan products principally in Virginia, North Carolina, Maryland, and the Washington DC metro area.