Union First Market Bankshares (UBSH) Declares $0.17 Quarterly Dividend; 2.8% Yield
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Compass Point Upgrades Union First Market Bankshares (UBSH) to Buy
July 22, 2015 6:29 AM EDTCompass 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
