Commerce Union Bancshares, Inc. (CUBN) Receives Average Rating of “Buy” from Brokerages
Commerce Union Bancshares, Inc. (NASDAQ:CUBN) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Commerce Union Bancshares’ rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus target price of $25.25 for the company, according to Zacks. Zacks has also assigned Commerce Union Bancshares an industry rank of 178 out of 265 based on the ratings given to its competitors.
Several research analysts have commented on CUBN shares. Keefe, Bruyette & Woods started coverage on shares of Commerce Union Bancshares in a report on Friday, September 29th. They issued a “mkt perform” rating and a $24.00 price target for the company. ValuEngine downgraded shares of Commerce Union Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Hovde Group initiated coverage on shares of Commerce Union Bancshares in a research note on Wednesday, October 11th. They issued an “outperform” rating and a $26.50 price target for the company.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stieven Capital Advisors L.P. bought a new position in Commerce Union Bancshares during the third quarter valued at $5,447,000. Northern Trust Corp bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth about $1,722,000. State Street Corp bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth about $1,719,000. Bank of New York Mellon Corp bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth about $470,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth about $435,000. 27.96% of the stock is owned by institutional investors.
Commerce Union Bancshares (NASDAQ CUBN) opened at $25.63 on Tuesday. Commerce Union Bancshares has a fifty-two week low of $19.78 and a fifty-two week high of $26.20. The company has a market cap of $227.36, a price-to-earnings ratio of 24.23 and a beta of 0.41.
Commerce Union Bancshares (NASDAQ:CUBN) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Commerce Union Bancshares had a net margin of 18.50% and a return on equity of 7.12%. The firm had revenue of $11.18 million during the quarter.
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About Commerce Union Bancshares
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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