Commerce Union Bancshares, Inc. Announces Quarterly Dividend of $0.06 (CUBN)

Commerce Union Bancshares, Inc. (NASDAQ:CUBN) announced a quarterly dividend on Tuesday, December 19th, Zacks reports. Stockholders of record on Wednesday, January 10th will be given a dividend of 0.06 per share by the bank on Saturday, January 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, January 9th.

Commerce Union Bancshares (CUBN) traded down $0.01 on Thursday, hitting $25.64. The stock had a trading volume of 11,800 shares, compared to its average volume of 10,353. The company has a market cap of $233.14, a P/E ratio of 25.39 and a beta of 0.26. Commerce Union Bancshares has a 52 week low of $20.42 and a 52 week 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 (EPS) for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $11.18 million during the quarter. Commerce Union Bancshares had a return on equity of 7.12% and a net margin of 18.50%.

In related news, Director William Ronald Deberry sold 7,500 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $24.18, for a total transaction of $181,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 12.51% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Commerce Union Bancshares stock. California State Teachers Retirement System purchased a new stake in Commerce Union Bancshares, Inc. (NASDAQ:CUBN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,300 shares of the bank’s stock, valued at approximately $294,000. California State Teachers Retirement System owned approximately 0.16% of Commerce Union Bancshares as of its most recent SEC filing. Institutional investors and hedge funds own 28.04% of the company’s stock.

Several research firms have recently issued reports on CUBN. Hovde Group initiated coverage on Commerce Union Bancshares in a research note on Wednesday, October 11th. They set an “outperform” rating and a $26.50 price target for the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price objective on shares of Commerce Union Bancshares in a research report on Wednesday, November 1st. Finally, ValuEngine cut Commerce Union Bancshares from a “buy” rating to a “hold” rating in a research report 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.

Dividend History for Commerce Union Bancshares (NASDAQ:CUBN)

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