Oppenheimer & Close LLC Holds Stake in Commerce Union Bancshares, Inc. (CUBN)

Oppenheimer & Close LLC maintained its position in Commerce Union Bancshares, Inc. (NASDAQ:CUBN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,474 shares of the bank’s stock at the close of the 2nd quarter. Commerce Union Bancshares accounts for 1.3% of Oppenheimer & Close LLC’s portfolio, making the stock its 23rd largest position. Oppenheimer & Close LLC owned about 0.68% of Commerce Union Bancshares worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth approximately $435,000. Teachers Advisors LLC bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth approximately $289,000. Wells Fargo & Company MN raised its holdings in shares of Commerce Union Bancshares by 599.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,106 shares of the bank’s stock worth $122,000 after purchasing an additional 4,376 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth approximately $470,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Commerce Union Bancshares in the 2nd quarter worth approximately $280,000. 17.66% of the stock is currently owned by institutional investors.

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Commerce Union Bancshares, Inc. (NASDAQ CUBN) traded up 0.09% during midday trading on Monday, hitting $23.02. 29,888 shares of the company were exchanged. The stock has a market capitalization of $181.19 million, a price-to-earnings ratio of 20.93 and a beta of 0.47. Commerce Union Bancshares, Inc. has a 1-year low of $19.00 and a 1-year high of $26.20. The stock has a 50 day moving average of $24.15 and a 200-day moving average of $22.98.

CUBN has been the topic of a number of research reports. ValuEngine raised shares of Commerce Union Bancshares from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. TheStreet raised shares of Commerce Union Bancshares from a “c+” rating to a “b” rating in a report on Monday, July 3rd.

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.

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

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