Zacks: Commerce Union Bancshares, Inc. (CUBN) Given Average Recommendation of “Buy” by Analysts

Shares of Commerce Union Bancshares, Inc. (NASDAQ:CUBN) have been given a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 1 year consensus price objective of $25.25 for the company, according to Zacks. Zacks has also given Commerce Union Bancshares an industry rank of 195 out of 265 based on the ratings given to related companies.

A number of brokerages have recently commented on CUBN. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of Commerce Union Bancshares in a report on Wednesday, November 1st. Hovde Group began coverage on shares of Commerce Union Bancshares in a report on Wednesday, October 11th. They set an “outperform” rating and a $26.50 target price on the stock. Finally, ValuEngine cut shares of Commerce Union Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.

In related news, Director William Ronald Deberry sold 7,500 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $24.18, for a total value of $181,350.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.51% of the company’s stock.

A number of large investors have recently modified their holdings of CUBN. Stieven Capital Advisors L.P. purchased a new position in Commerce Union Bancshares in the 3rd quarter worth about $5,447,000. Northern Trust Corp purchased a new position in Commerce Union Bancshares in the 2nd quarter worth about $1,722,000. State Street Corp purchased a new position in Commerce Union Bancshares in the 2nd quarter worth about $1,719,000. Bank of New York Mellon Corp purchased a new stake in shares of Commerce Union Bancshares during the 2nd quarter valued at about $470,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Commerce Union Bancshares during the 2nd quarter valued at about $435,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Commerce Union Bancshares (NASDAQ:CUBN) traded up $0.44 during trading hours on Friday, reaching $23.81. 16,000 shares of the company traded hands, compared to its average volume of 10,397. The company has a market capitalization of $210.85, a PE ratio of 22.47 and a beta of 0.41. Commerce Union Bancshares has a twelve month low of $19.75 and a twelve month high of $26.20.

Commerce Union Bancshares (NASDAQ:CUBN) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $11.18 million for the quarter. Commerce Union Bancshares had a net margin of 18.50% and a return on equity of 7.12%.

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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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