Profit Fan
Value

Union First Market Bankshares: Improving Fundamentals, Pending Acquisition Make This One To Watch

Finding loans for an increasing deposit base is something that most regional banks have been struggling with lately but, over at Union First Market Bankshares (NASDAQ:UBSH), that doesn't appear to be a problem. In fact, UBSH doesn't appear to have too many problems as nonaccrual levels have improved, expense items are under control and share repurchases are on the way. Before getting too much into the details, this is exactly why I think UBSH's recent announcement to acquire StellarOne Corp (NASDAQ:STEL) gives UBSH's capable management capacity for new business and raw material to mold into future returns at just the right time.

UBSH (all graphs in thousands of dollars)

(click to enlarge)

To begin, UBSH is...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details