Shares of Community Bancorp Inc (NASDAQ:CMTV – Get Free Report) were up 0.8% during trading on Tuesday . The stock traded as high as $39.50 and last traded at $38.36. Approximately 13,564 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 26,401 shares. The stock had previously closed at $38.07.
Analyst Upgrades and Downgrades
Several analysts recently commented on CMTV shares. Wall Street Zen raised Community Bancorp to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings raised shares of Community Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
Get Our Latest Report on Community Bancorp
Community Bancorp Stock Performance
Community Bancorp (NASDAQ:CMTV – Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported $0.78 EPS for the quarter. The company had revenue of $12.69 million during the quarter. Community Bancorp had a return on equity of 16.25% and a net margin of 25.28%.
Community Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Sunday, April 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, April 24th. Community Bancorp’s dividend payout ratio (DPR) is 31.55%.
Insider Activity at Community Bancorp
In other Community Bancorp news, Director Wayne Lamberton acquired 1,350 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average cost of $34.32 per share, for a total transaction of $46,332.00. Following the completion of the acquisition, the director directly owned 10,045 shares of the company’s stock, valued at approximately $344,744.40. This represents a 15.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Laforce acquired 895 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $30.00 per share, for a total transaction of $26,850.00. Following the completion of the acquisition, the director directly owned 9,859 shares of the company’s stock, valued at $295,770. This trade represents a 9.98% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 4,378 shares of company stock worth $144,873 over the last ninety days. Company insiders own 6.59% of the company’s stock.
Hedge Funds Weigh In On Community Bancorp
An institutional investor recently bought a new position in Community Bancorp stock. Kestra Advisory Services LLC bought a new position in shares of Community Bancorp Inc (NASDAQ:CMTV – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 6,496 shares of the company’s stock, valued at approximately $202,000. Kestra Advisory Services LLC owned 0.12% of Community Bancorp at the end of the most recent quarter.
About Community Bancorp
Community Bancorp (NASDAQ: CMTV) is a bank holding company that provides commercial banking and related financial services through its subsidiary banking operations. The company focuses on deposit-taking and lending activities typical of community-oriented banks, serving the needs of individual customers, small and medium-sized businesses, and local organizations.
Its primary products and services include core deposit accounts, commercial and consumer lending, mortgage and real estate finance, and payment and treasury management services designed to support local business cash flow and day-to-day banking needs.
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