Hovde Group Initiates Coverage on Commerce Union Bancshares Inc (CUBN)

Stock analysts at Hovde Group assumed coverage on shares of Commerce Union Bancshares Inc (OTC:CUBN) in a report issued on Wednesday. The brokerage set an “outperform” rating and a $26.50 price target on the stock.

Separately, Keefe, Bruyette & Woods started coverage on shares of Commerce Union Bancshares in a report on Friday, September 29th. They issued a “mkt perform” rating and a $24.00 target price on the stock.

Commerce Union Bancshares (CUBN) opened at 24.05 on Wednesday. The company has a market cap of $189.30 million and a price-to-earnings ratio of 21.86. Commerce Union Bancshares has a 1-year low of $19.00 and a 1-year high of $26.20. The stock has a 50 day moving average price of $23.45 and a 200-day moving average price of $23.20.

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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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