Commercial Bancgroup, Inc. (NASDAQ:CBK – Get Free Report) EVP Philip Metheny bought 670 shares of Commercial Bancgroup stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $34.79 per share, for a total transaction of $23,309.30. Following the completion of the transaction, the executive vice president owned 14,402 shares of the company’s stock, valued at approximately $501,045.58. This represents a 4.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Commercial Bancgroup Stock Up 0.1%
CBK traded up $0.03 during trading hours on Thursday, reaching $33.84. 28,599 shares of the stock traded hands, compared to its average volume of 60,301. Commercial Bancgroup, Inc. has a fifty-two week low of $23.24 and a fifty-two week high of $35.78. The company has a market cap of $463.64 million and a price-to-earnings ratio of 11.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day simple moving average is $33.61 and its two-hundred day simple moving average is $29.72.
Commercial Bancgroup (NASDAQ:CBK – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.75 EPS for the quarter. The firm had revenue of $24.16 million for the quarter. Commercial Bancgroup had a net margin of 30.07% and a return on equity of 14.06%.
Commercial Bancgroup Increases Dividend
Institutional Investors Weigh In On Commercial Bancgroup
A number of institutional investors have recently modified their holdings of CBK. Renaissance Technologies LLC lifted its position in shares of Commercial Bancgroup by 6.5% during the first quarter. Renaissance Technologies LLC now owns 9,800 shares of the company’s stock worth $255,000 after purchasing an additional 600 shares during the last quarter. Legal & General Group Plc bought a new stake in Commercial Bancgroup in the second quarter valued at about $27,000. Strs Ohio bought a new stake in Commercial Bancgroup in the fourth quarter valued at about $29,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Commercial Bancgroup during the fourth quarter valued at approximately $46,000. Finally, California State Teachers Retirement System raised its stake in Commercial Bancgroup by 737.4% during the second quarter. California State Teachers Retirement System now owns 3,132 shares of the company’s stock valued at $97,000 after buying an additional 2,758 shares in the last quarter.
Analyst Ratings Changes
Several equities research analysts have issued reports on CBK shares. Hovde Group lifted their price objective on Commercial Bancgroup from $34.00 to $39.50 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Commercial Bancgroup from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.50.
View Our Latest Research Report on CBK
About Commercial Bancgroup
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. The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee.
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