Commerce Union Bancshares, Inc. (CUBN) Scheduled to Post Earnings on Tuesday
Commerce Union Bancshares, Inc. (CUBN) opened at 24.89 on Tuesday. Commerce Union Bancshares, Inc. has a 12 month low of $19.02 and a 12 month high of $26.20. The firm has a market cap of $195.91 million, a price-to-earnings ratio of 22.63 and a beta of 0.45. The stock’s 50 day moving average is $23.42 and its 200-day moving average is $23.25.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, October 6th. Commerce Union Bancshares’s dividend payout ratio is presently 22.02%.
An institutional investor recently bought a new position in Commerce Union Bancshares stock. California State Teachers Retirement System bought a new stake in Commerce Union Bancshares, Inc. (NASDAQ:CUBN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 12,300 shares of the bank’s stock, valued at approximately $294,000. California State Teachers Retirement System owned 0.16% of Commerce Union Bancshares as of its most recent SEC filing. 15.40% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on CUBN. Keefe, Bruyette & Woods began coverage on shares of Commerce Union Bancshares in a research note on Friday, September 29th. They set a “market perform” rating and a $24.00 target price for the company. Hovde Group initiated coverage on shares of Commerce Union Bancshares in a research note on Wednesday, October 11th. They set an “outperform” rating and a $26.50 target price for the company. TheStreet upgraded shares of Commerce Union Bancshares from a “c+” rating to a “b” rating in a research note on Monday, July 3rd. Finally, ValuEngine cut shares of Commerce Union Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th.
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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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