Commerce Union Bancshares, Inc. (NASDAQ:CUBN) Director William Ronald Deberry sold 7,500 shares of the business’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 accessible through this hyperlink.

Shares of Commerce Union Bancshares, Inc. (NASDAQ:CUBN) traded down $0.55 during trading hours on Friday, reaching $23.80. The company had a trading volume of 14,700 shares, compared to its average volume of 10,364. Commerce Union Bancshares, Inc. has a 52 week low of $19.75 and a 52 week high of $26.20. The stock has a market cap of $225.10, a P/E ratio of 23.99 and a beta of 0.45.

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

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in shares of 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 acquiring an additional 4,376 shares during the period. New York State Common Retirement Fund purchased a new position in shares of Commerce Union Bancshares during the 2nd quarter worth approximately $177,000. SG Americas Securities LLC purchased a new position in shares of Commerce Union Bancshares during the 3rd quarter worth approximately $220,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Commerce Union Bancshares during the 2nd quarter worth approximately $280,000. Finally, Teachers Advisors LLC purchased a new position in shares of Commerce Union Bancshares during the 2nd quarter worth approximately $289,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

A number of brokerages recently issued reports on CUBN. Keefe, Bruyette & Woods began coverage on Commerce Union Bancshares in a report on Friday, September 29th. They set a “mkt perform” rating and a $24.00 price target on the stock. Hovde Group began coverage on Commerce Union Bancshares in a report on Wednesday, October 11th. They set an “outperform” rating and a $26.50 price target on the stock. Finally, ValuEngine downgraded Commerce Union Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.

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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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