Union First Market Bankshares (UBSH) Misses Q2 EPS by 3c

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Go back to Union First Market Bankshares (UBSH) Misses Q2 EPS by 3c

Compass Point Upgrades Union First Market Bankshares (UBSH) to Buy

July 22, 2015 6:29 AM EDT

Compass Point upgraded Union First Market Bankshares (NASDAQ: UBSH) from Neutral to Buy with a price target of $28.00 (from $23.00).

Analyst Laurie Havener Hunsicker commented, "Credit costs have peaked, loan growth has returned, fee income is stronger than expectations, expense cuts are poised to materialize and mortgage banking is back in the black. We raise FY15E from $1.46 to $1.49, and FY16E from $1.65 to $1.80; we raise our price target (PT) from... More