Commercial Bancgroup (NASDAQ:CBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Commercial Bancgroup (NASDAQ:CBK) to a hold rating in a report released on Saturday.

Commercial Bancgroup Stock Performance

Shares of NASDAQ:CBK opened at $24.75 on Friday. Commercial Bancgroup has a 12 month low of $23.36 and a 12 month high of $25.89.

Insiders Place Their Bets

In other Commercial Bancgroup news, insider John Adam Robertson sold 2,898,796 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $23.16, for a total value of $67,136,115.36. Following the completion of the transaction, the insider owned 2,204,392 shares of the company’s stock, valued at $51,053,718.72. The trade was a 56.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martha S. Spurlock sold 1,791,017 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $23.16, for a total transaction of $41,479,953.72. Following the completion of the transaction, the director directly owned 1,167,820 shares of the company’s stock, valued at approximately $27,046,711.20. This represents a 60.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,295,269 shares of company stock valued at $122,638,430 in the last quarter.

Commercial Bancgroup Company Profile

We are a bank holding company headquartered in Harrogate, Tennessee, and have elected under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), to become a financial holding company. We were incorporated in Tennessee in 1975, and we operate primarily through our wholly owned bank subsidiary, Commercial Bank, a Tennessee banking corporation organized in 1976.