Commerce Union Bancshares, Inc. (CUBN) Research Coverage Started at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods began coverage on shares of Commerce Union Bancshares, Inc. (NASDAQ:CUBN) in a research report released on Friday morning, Marketbeat.com reports. The brokerage issued a market perform rating and a $24.00 target price on the bank’s stock.
Several other research analysts have also recently commented on the stock. ValuEngine upgraded shares of Commerce Union Bancshares from a hold rating to a buy rating in a report on Wednesday, June 14th. TheStreet raised shares of Commerce Union Bancshares from a c+ rating to a b rating in a research report on Monday, July 3rd.
Commerce Union Bancshares (CUBN) opened at 23.18 on Friday. The company’s 50-day moving average price is $24.06 and its 200 day moving average price is $23.01. Commerce Union Bancshares has a 52 week low of $19.00 and a 52 week high of $26.20. The stock has a market capitalization of $182.45 million, a P/E ratio of 21.07 and a beta of 0.45.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, October 6th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.04%. Commerce Union Bancshares’s payout ratio is currently 22.02%.
A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Commerce Union Bancshares by 599.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,106 shares of the bank’s stock worth $122,000 after buying an additional 4,376 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of Commerce Union Bancshares during the 2nd quarter worth about $177,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Commerce Union Bancshares during the 2nd quarter worth about $280,000. Teachers Advisors LLC acquired a new position in shares of Commerce Union Bancshares during the 2nd quarter worth about $289,000. Finally, California State Teachers Retirement System acquired a new position in shares of Commerce Union Bancshares during the 2nd quarter worth about $294,000. Institutional investors own 15.40% of the company’s stock.
Commerce Union Bancshares Company Profile
Commerce Union Bancshares, Inc serves as the bank holding company for Reliant Bank. The Company has two segments: Retail Banking and Residential Mortgage Banking. Retail Banking provides deposit and lending services to consumer and business customers within its primary geographic markets. Its customers are serviced through branch locations, automated teller machines (ATMs), online banking and mobile banking.
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