Insiders Seeing Green With UBSH At New 52-Week High

In trading on Friday, shares of Union First Market Bankshares Corp. (UBSH) touched a new 52-week high of $26.30/share. That's a 46.03% rise, or $8.29 per share from the 52-week low of $18.01 set back on 04/15/2013. That means at today's intraday high, any investor who purchased UBSH stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, UBSH has seen 4 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
09/24/2013 Raymond L. Slaughter Director 4 $23.10 $92.40
10/21/2013 Raymond L. Slaughter Director 4 $25.68 $102.72
11/07/2013 Ronald L. Tillett Director 3,000 $24.54 $73,620.00
11/21/2013 Raymond L. Slaughter Director 4 $24.60 $98.40
12/23/2013 Raymond L. Slaughter Director 4 $25.30 $101.20
01/21/2014 Raymond L. Slaughter Director 4 $24.50 $98.00
02/07/2014 Alan W. Myers Director 350 $23.70 $8,293.50
02/18/2014 L. Bradford Armstrong Director 800 $25.16 $20,128.00
02/21/2014 Raymond L. Slaughter Director 4 $25.05 $100.20

The chart below shows where UBSH has traded over the past year, with the 50-day and 200-day moving averages included.

Union First Market Bankshares Corp. Moving Averages Chart

In afternoon trading on Friday, UBSH shares are changing hands at $26.17/share, slightly below the new 52-week high.

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