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Fly News Breaks for January 23, 2019
UBSH
Jan 23, 2019 | 07:33 EDT
Brean Capital analyst Blair Brantley noted bank stocks have rebounded, but remain below historical valuation standards as sentiment remains cautious. The analyst believes the Q4 report from Union Bankshares will provide a good look at the baseline of operating earnings power. He likes the company because of its footprint in Virginia and select organic opportunities in North Carolina and Maryland, its core funding base, top commercial talent, and improving brand awareness. Brantley has a Buy rating and $40 price target on Union Bankshares shares.
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