Somewhat Favorable News Coverage Somewhat Unlikely to Affect Commerce Union Bancshares (CUBN) Share Price
Media stories about Commerce Union Bancshares (NASDAQ:CUBN) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Commerce Union Bancshares earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.1541317862343 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Commerce Union Bancshares (CUBN) remained flat at $24.58 during midday trading on Thursday. 2,294 shares of the stock were exchanged. Commerce Union Bancshares has a 12-month low of $19.02 and a 12-month high of $26.20. The stock has a 50-day moving average price of $23.49 and a 200-day moving average price of $23.30. The firm has a market cap of $193.47 million, a price-to-earnings ratio of 22.35 and a beta of 0.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. Commerce Union Bancshares’s dividend payout ratio is currently 22.02%.
A number of research firms have commented on CUBN. Keefe, Bruyette & Woods began coverage on Commerce Union Bancshares in a research note on Friday, September 29th. They issued a “market perform” rating and a $24.00 price target for the company. Hovde Group began coverage on 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. TheStreet upgraded Commerce Union Bancshares from a “c+” rating to a “b” rating in a research note on Monday, July 3rd. Finally, ValuEngine cut Commerce Union Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th.
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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