Commerce Union Bancshares, Inc. (CUBN) Holdings Trimmed by Patten Group Inc.

Patten Group Inc. lessened its stake in shares of Commerce Union Bancshares, Inc. (NASDAQ:CUBN) by 77.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,945 shares of the bank’s stock after selling 6,843 shares during the quarter. Patten Group Inc.’s holdings in Commerce Union Bancshares were worth $204,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in Commerce Union Bancshares by 98.3% during the 3rd quarter. Wells Fargo & Company MN now owns 10,126 shares of the bank’s stock valued at $234,000 after buying an additional 5,020 shares in the last quarter. Stieven Capital Advisors L.P. bought a new stake in shares of Commerce Union Bancshares during the 3rd quarter valued at about $5,447,000. SG Americas Securities LLC bought a new stake in shares of Commerce Union Bancshares during the 3rd quarter valued at about $220,000. Bank of New York Mellon Corp boosted its position in shares of Commerce Union Bancshares by 16.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 22,852 shares of the bank’s stock valued at $530,000 after acquiring an additional 3,178 shares during the last quarter. Finally, California State Teachers Retirement System bought a new stake in shares of Commerce Union Bancshares during the 2nd quarter valued at about $294,000. 27.96% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on CUBN shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price target on shares of Commerce Union Bancshares in a research report on Wednesday, November 1st. ValuEngine downgraded Commerce Union Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Hovde Group started coverage on Commerce Union Bancshares in a research report on Wednesday, October 11th. They set an “outperform” rating and a $26.50 price target for the company.

In related news, Director William Ronald Deberry sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $24.18, for a total value of $181,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.51% of the company’s stock.

Shares of Commerce Union Bancshares, Inc. (NASDAQ CUBN) opened at $24.69 on Wednesday. The stock has a market capitalization of $220.77, a PE ratio of 23.67 and a beta of 0.27. Commerce Union Bancshares, Inc. has a 12-month low of $19.78 and a 12-month high of $26.20.

Commerce Union Bancshares (NASDAQ:CUBN) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm 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%.

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Commerce Union Bancshares 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.

Institutional Ownership by Quarter for Commerce Union Bancshares (NASDAQ:CUBN)

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