Union Bankshares boosted by Compass Point upgrade

• Union Bankshares (UBSH +3%) currently trades at 1.7x book and 12x estimates 2015 earnings, a discount to peers, says analyst Laurie Hunsicke, upgrading to Buy with $29 price target.
• Further, the upside from the StellarOne acquisition has not yet been priced into the stock and Q3 results should provide the first clean look.
• "We believe that UBSH offers investors a unique opportunity to invest in the 2nd largest publicly-traded VA-based bank; UBSH is a well-capitalized, 100+ year old, clean, $7 billion-asset sized bank, with a board/management team that has a proven track record of being good stewards of capital."